Minimum Wage in Korea – 20,000 apartment guards face layoffs Unions says

Two major labor advocates estimated Tuesday that about 20,000 security guards at apartment complexes nationwide would face layoffs due to the minimum wage law, which will become fully effective on Jan. 1, 2015.

As there are about 180,000 apartment security guards in the country, the estimate would amount to 11 percent to the total.

The poll, conducted by the advocates at about 322 apartment complexes, showed that 7.5 percent of the respondents had decided to scale back their guard workforce from the beginning of next year.

Only 13.7 percent of the respondents said they would not carry out the manpower slash, and the remaining respondents (more than 70 percent) had yet to decide whether to maintain their current payroll, according to the survey.

The survey was conducted by the Korean Confederation of Trade Unions and the Federation of Korean Trade Unions.

Chosen excerpts by Job Market Monitor. Read the whole story at 20,000 apartment guards face layoffs.