The resulting contract, signed in fall 2009, garnered national attention for its brevity, just 10 pages, and its establishment of a merit-based pay scale instead of guaranteed annual pay raises, prompting charter school administrators to issue a press release.

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The action by 2, 800 staff (nearly half the workforce) at SC First Bank Korea is ostensibly over a merit-pay scheme, which would be at odds with Korean seniority-based traditions.

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