The internal and external economic situation looks gloomy, and the evidence is everywhere. Oil prices remain high. Collective attempts by unions to pursue their own interests are prevalent. Restructuring and seasonal factors are casting a shadow on the employment prospect.
Conflicts surrounding mergers in the financial sector between labor and management continue.
If all these problems are not resolved, this economy will surely face another crisis. The only solution is to complete the reforms, namely the reforms in the financial, corporate, labor and public sectors. Among those sectors, finance and labor are said to be priorities, because a strong financial market and cooperative industrial relations are the most effective methods for enhancing corporate competitiveness. In this fiercely competitive world, no company can survive without a harmonious labor and management relationship based on trust. To make harmonious relations take root, industrial culture, aside from institutional reforms, needs to focus on cooperation instead of confrontation.