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Samsung Electronics, Union Hold Wage Talks to Avert Strike

Samsung Electronics and its union resumed wage negotiations in an effort to avert a major strike that could impact the AI chip market. A partial injunction was granted against the unions as South Korea considers arbitration to prevent the walkout.

17 May, 15:18 — 18 May, 02:20
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5 sources33/33
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Left (2)
Daily Maverickjapan-times
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Korea HeraldSCMP
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seeking-alpha
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Geographic diversity5 regions21/34
South Korea1South Africa1Japan1US1Hong Kong1

Sources

Showing 4 of 5 sources
SCMPMostly Factual13h 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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Korea HeraldMostly Factual2h ago

[Breaking] Samsung wins partial injunction against unions ahead of strike

A South Korean court on Monday partially approved Samsung Electronics’ request for an injunction against labor actions planned by its unions, imposing legal limits on a looming strike involving tens of thousands of workers. The Suwon District Court ruled that union members must maintain normal staffing and operations at safety- and security-related facilities during any strike, including work to prevent damage to manufacturing equipment and contamination of semiconductor wafers. The court also b

By The Korea Herald

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japan-timesMostly Factual3h 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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Daily MaverickMostly Factual2h 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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