Sharjah24 - Reuters: South Korea's government on Tuesday ordered striking truckers in the cement industry to return to work, an unprecedented step that invokes tough strike-busting laws as construction sites nationwide run out of building materials.
The strike - the second in less than six months by truckers over minimum pay - is causing an estimated 300 billion won ($224 million) in losses daily and disrupting industrial activity at a time when Asia's fourth-largest economy expects a slump in growth to 1.7% next year.
The cement industry had estimated a cumulative output loss of about 64 billion won ($47.81 million) as of Monday, the Korea Cement Association lobbying group said.
It added that the industry had shipped about 22,000 tonnes of cement on Monday, about 10% of the usual daily shipments needed for peak season between September and early December.
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