Strike analysis of Allianz Korea(Similarities of Allianz and Lone Star)

Allianz Life Korea violated the agreement of union and management, tried to dismantle the union, executed illegal dismissals, company’s closure and had suspicions about training center remodeling and tax evasion raised by citizen’s group.

Allianz Life Korea was revealed the company of losing basic morality, and to be unfavorable and liquidated. Internal financial market was disordered by the violent foreign companies since IMF, labor intensities of laborers were worse enough to make series of death from work so, the laborers became miserable. And Lone Star, the principle offender of illegal selling Korea Exchange Bank is still resorting to trickery desperately to get more money. So, Financial Industries Unions emphasizes that there is no difference between labor and management to scrap out the risky investment like Lone Star or anti-labor, anti-national enterprise like Allianz Life.

[table]Similarities of Allianz & Lone Star

Classification		Lone Star	Allianz Korea	Remark
Nationality		USA	Germany
Launching time to Korea		Only after IMF (1998)	Only after IMF (1999)
Character		Multinational Capital	Multinational Capital
Launching Field		Finance	Finance
Concern		Profits, Restructuring	Profits, ?
Ranking		4th of credit card industries	4th of life insurance industries
Profit source		Profit on sale (*)	?	(*) Estimated Profits of selling•Star Tower-280 billions won •KEB-4300 billions won
Payment of the corporate tax		0 won	0 won
Tax evasion	Method	Crafty sales of company	Crafty disposal of stocks
	Means	Outwitting the Tax Law	Outwitting the Tax Law
	Issues occurred by	Citizen Group	Citizen Group
		Spec Watch Korea	PSPD
Accused suspicion		Tax evasion	Corporate Tax evasion
		Smuggling out foreign currency	Violation of Insurance Law
		Purchasing foreign currency at low price	Corruption of training center remodeling
Strike	Strike or not	Strike	Strike
	Cause	Reconstructuring (succession of employment)	Performance related pay for reconstructuring
	Period	Long-term	Long-term
Upper group		KCTU	KCTU
Unfair labor practice of company		Criminal accusation for union executives	Criminal accusation for union executives
		Dismissal	Dismissal
		Hiring hoodlums	Hiring hoodlums
		Substitution of labor	Substitution of labor
Notice of dismissal		By SMS	By SMS
Closure	Ranking	The First in Financial industries	The Second in Financial industries
	Occupation of company	Occupation of the company (IT office)	No occupation
	Union office	No trespassing	No trespassing
	Dinning room	Prohibition	Prohibition
	Private land	?	Establishing steel posts
	Results	Down of public image	Collapse of sales, Down of public image
Final results	Agreement of union and management	35% layoff (voluntary resignation)	?

*Source: Allianz Korea Union Homepage.
http://www.allianzunion.or.kr/