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IMF writes again to Kim

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9 April, 2001With the fate of Daewoo Motor Co. still in the balance, the IMF general secretary urges the South Korean president to include trade unions in talks.

KOREA, REP: On behalf of 23 million metalworkers worldwide - amongst them millions of autoworkers - represented by IMF-affiliated organisations, IMF General Secretary Marcello Malentacchi has once again written to South Korean President Kim Dae-jung about the still unresolved fate of Daewoo Motor Co. and its workers. Not only does the future of Daewoo Motor continue to be uncertain, which is a great source of concern to Korean autoworkers, but the situation has been aggravated by the fact that unions are being excluded from consultations about the fate of the company.
"Our view," writes Malentacchi, "has always been that consultation and dialogue of all parties concerned is the best way to find solutions." The IMF general secretary is urging the South Korean president to see to it that trade unions are immediately included in talks for resolving the situation. Instead of prolonging the current crisis, this would most likely lead to an equitable resolution of the crisis.
As a basic principle of the trade union movement, Malentacchi says that "no matter what solution is found, the parties in control of Daewoo Motor management, be they government representatives, private enterprises or both, must negotiate any change in employment levels, wages and working conditions with the affected unions."
The IMF is keeping a close watch on the evolution of the Daewoo situation.