|▲ The Korean Financial Industry Union(KFIU) and its affiliate, City Bank Korea Union Local hold a press briefing on June 15 in the press room of the National Assembly to call on the City Bank Korea management to stop the shutdown of the branches.(Courtesy of City Bank Union Local)|
|▲ Park Jin-hoi, president of City Bank Korea makes an opening remark at the press briefing on June 15 at the Plaza Hotel in central Seoul.(Courtesy of City Bank)|
"The shutdown of branches is an inescapable process to adapt ourselves to the digital changes that are already taking place". said City Bank Korea president Park Jin-hoi.
"The management does not pay heed to 600 dismissed workers and ordinary people in particular for the damages inflicted by the bank restructuring plan", said City Bank Korea Union Local leader Song Byung-joon.
The friction between management and union of City Bank Korea began in March this year over the paper presented under the title of 'next generation consumers' financial strategy'. According to the strategy paper, 101 out of 126 branches across the country will be shut down.
reported by Yang Woo-ram
translated by Kim Sung-jin
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