POSCO will directly hire about 7,000 workers from partner companies supporting production at its steel plants in Pohang and Gwangyang, Yonhap reports

POSCO's decision to hire about 7,000 workers directly from partner companies marks a strategic shift towards consolidating its workforce, which could enhance operational efficiency and labor relations.

Newsquawk StaffPublished 7 Apr 2026, 09:44 UTCOn the live feed at 09:24 UTC — 9 more headlines followed before this page went public

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POSCO will directly hire about 7,000 workers from partner companies supporting production at its steel plants in Pohang and Gwangyang, Yonhap reports

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The workers will be gradually transitioned to POSCO employees as the company moves to address South Korea’s long-standing subcontracting structure.

Context

This move addresses South Korea's subcontracting issues, potentially improving accountability and quality in production at its steel plants. Investors will want to consider the implications this has for labor costs and productivity in the metals sector.

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