Sanofi's Ko­re­an union threat­ens a strike over pay as Big Phar­mas stare down glob­al de­mands

Sanofi is fac­ing down a strike threat in Ko­rea amid an in­creas­ing num­ber of con­fronta­tions be­tween Big Phar­ma and their la­bor unions over pay de­mands.

A Ko­re­an pub­li­ca­tion cites la­bor of­fi­cials who have been un­hap­py over the com­pa­ny’s of­fer of a 1.5% in­crease in pay, in keep­ing with in­fla­tion. They cite their own in­fla­tion num­bers as well as in­creas­es in Ko­re­an sales dur­ing the pan­dem­ic, orig­i­nal­ly seek­ing a 7% pay hike and then low­er­ing the de­mand to 4%.

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