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Four POSCO Workers Held for 6 Hours in India

Posted October. 15, 2007 07:10,   


Four employees of POSCO, Korea’s first and world’s second largest steel manufacturer, were seized by residents in India who oppose the company’s plan to build an ironworks in the country.

According to the company’s Indian headquarters, three Korean workers and one Indian resident who were at a construction field in Bhubaneswar, Jagatsinghpur, Orissa in India were held hostage at 10:40 a.m. (local time) in the morning of October 13. They were released six hours after the siege.

This is the third time POSCO workers residing in India have been held by local residents. Some of the company’s workers who were in charge of purchasing construction fields were also taken as hostages in May.

The company noted, “Those who abducted our workers are radical people who have been against the construction of our steel mill in India.” It added, “But they did not make any demands.”

Some Indian residents oppose the planned mill because they fear losing their livelihoods.

POSCO has suggested ways in which the company can compensate such residents for the construction, including cash payments, settlement preparation, and hiring residents. However, it has yet to reach an agreement with the local residents.

Meanwhile, POSCO is planning to establish an ironworks that will produce an annual average of 12 million tons of steel by investing $12 billion in Orissa India, a place well known for the world’s fifth-largest iron ore deposit.