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Samsung, Union Hold Urgent Talks to Avert Strike Amid Court Ruling

Samsung Electronics and its union are holding urgent negotiations to prevent a major strike over wage and bonus disputes, which could significantly impact global semiconductor supply chains. These talks are taking place as a court has issued a partial injunction limiting the union's planned walkout.

17 May, 15:18 — 18 May, 06:50
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The Story

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Source Diversity

Excellent (84/100)
11 sources33/33
Spectrum spread3/5 buckets covered17/33
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Left4
Left (4)
hotnewscnbcDaily Maverickjapan-times
Center5
Center (5)
Korea HeraldFTnikkei-asiaReutersSCMP
Right2
Right (2)
straits-timesseeking-alpha
Far R
Geographic diversity9 regions34/34
US2Japan2Romania1Singapore1South Korea1UK1South Africa1Intl1Hong Kong1

Sources

Showing 10 of 11 sources
ReutersVery High72d ago

Samsung Electronics and union extend talks to avert strike threatening global supply chains - Reuters

Samsung Electronics and union extend talks to avert strike threatening global supply chains  Reuters

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FTVery High71d ago

Samsung strike in doubt after court ruling

Shares rise after injunction restricts unions’ ability to halt production at South Korean chipmaker

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cnbcMostly Factual71d ago

Samsung strike involving 47,000 workers looms as South Korea’s president urges labor deal

South Korea’s government stepped up pressure on Samsung Electronics and its union to avert a strike that officials say could cost the economy billions.

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SCMPMostly Factual72d ago

South Korea weighs arbitration to avoid Samsung semiconductor plant strike

South Korea ⁠will pursue all options, ⁠including emergency arbitration, to ⁠avoid a labour strike at the country’s biggest employer Samsung Electronics and to minimise any damage if one does occur, its prime minister said on Sunday. The world’s largest memory chipmaker and its South ‌Korean labour union will resume pay talks on Monday with a government mediator, in a move that could ease concerns over a potentially disruptive strike at the tech giant that accounts for nearly a quarter of the...

By Reuters

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nikkei-asiaHigh71d ago

Samsung union and management resume negotiations to avert strike - Nikkei Asia

Samsung union and management resume negotiations to avert strike  Nikkei Asia

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straits-timesMostly Factual71d ago

Chip giant Samsung, union hold last-ditch talks to avert strike threatening global supply chains - The Straits Times

Chip giant Samsung, union hold last-ditch talks to avert strike threatening global supply chains  The Straits Times

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Korea HeraldMostly Factual71d ago

Why Samsung’s bonus talks keep breaking over the same formula

Samsung Electronics and its majority union returned to mediation Monday, three days before a planned 18-day strike by as many as 50,000 workers, with negotiators still circling the same disagreement that has broken every previous round. The gap is not about how much; it is about how. The union wants 15 percent of the chip division's operating profit codified as the bonus pool and the existing cap, set at 50 percent of annual salary, abolished. Management's latest offer keeps the cap and the curr

By The Korea Herald

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japan-timesMostly Factual71d ago

Samsung Electronics and its South Korean union resume pay talks as strike risks loom

South Korean government officials have voiced concerns that a strike could pose significant risk to economic growth, exports and financial markets.

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seeking-alphaMixed71d ago

Samsung rebounds after court ruling and last-ditch talks with union

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Daily MaverickMostly Factual71d ago

Samsung Electronics and its South Korean union resume pay talks as strike risks loom - Daily Maverick

Samsung Electronics and its South Korean union resume pay talks as strike risks loom  Daily Maverick

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