Samsung Electronics union halts talks with management

Unionized workers at Samsung Electronics have suspended wage talks with management, citing a lack of sincerity. Choi Seung-ho, head of the Samsung Electronics unit at the Samsung Group United Union, said the sides failed to agree on removing the cap on performance-based bonuses. The decision came three days after talks resumed on Tuesday.

SEOUL, March 27 (Yonhap) -- Unionized workers at Samsung Electronics Co. said Friday they have suspended talks with management three days after resuming negotiations.

"Citing management's lack of sincerity, we have decided to break off negotiations and seek a ruling from a local labor arbitration commission," Choi Seung-ho, who leads the Samsung Electronics unit at the Samsung Group United Union (SGUU), said in a statement.

He said the two sides have failed to reach an agreement on removing a cap on performance-based bonuses.

However, the union hinted at a possible resumption, saying the suspension does not constitute a "breakdown," according to the minutes of Friday's negotiations posted on its website.

The remarks came after three labor unions, including the SGUU and the National Samsung Electronics Union (NSEU), resumed wage talks on Tuesday. The unionized workers have been demanding that management remove the cap on bonuses and grant a 7 percent wage increase, along with greater transparency in calculating performance-based bonuses.

Last week, the unions said 93.1 percent of their members voted in favor of staging a strike in May. The three unions have around 90,000 members.

Mga Kaugnay na Artikulo

Illustration of Samsung headquarters with digital overlays of chips and profit charts, representing the company's 21% Q3 net profit rise due to AI-driven semiconductor sales.
Larawang ginawa ng AI

Samsung Electronics Q3 net profit rises 21% on chip sales

Iniulat ng AI Larawang ginawa ng AI

Samsung Electronics reported a 21% increase in third-quarter net profit to 12.22 trillion won on October 30. The semiconductor division's record performance, driven by the AI boom, led the gains. Operating profit surged 32.5% to 12.16 trillion won, beating market expectations.

Samsung Electronics' union has approved a general strike with 93.1 percent support, demanding bonus reforms and a 7 percent pay raise. This would be the company's second strike since 1969, coinciding with a prosecution probe into insider trading that could pressure shares.

Iniulat ng AI

Unionized workers at Samsung Electronics will vote from Monday through March 18 on whether to launch an 18-day strike from May 21 to June 7. The vote comes amid controversy over warnings of disadvantages for those who do not participate. It would mark the second walkout since the company's founding.

A special counsel team raided South Korea's labor ministry on Tuesday to investigate allegations of unpaid severance pay to Coupang employees. The search targeted the ministry's headquarters in Sejong and the Seoul Regional Employment and Labor Office. The probe focuses on suspected changes to employment rules by Coupang's logistics subsidiary.

Iniulat ng AI

Many major Japanese companies have agreed in full to unions' pay hike demands in this year's shunto negotiations. Close attention is on whether this momentum will spread to small companies, which employ about 70% of Japan's workers.

South Korea's National Assembly will decide Wednesday on a perjury complaint against Coupang interim CEO Harold Rogers, following his testimony in an ongoing parliamentary probe into the e-commerce firm's data breach affecting 33 million customers. Rogers alleged National Intelligence Service (NIS) direction in an internal probe and contact with the leaker, claims the NIS denied as 'groundless.'

Iniulat ng AI

South Korea's National Assembly launched a two-day hearing on Tuesday, December 30, to investigate Coupang's massive data breach affecting 33.7 million customers, following the presidential office's emergency meeting last week. Disputes persist between the government and company over the breach's scope, with the main opposition party boycotting the proceedings.

 

 

 

Gumagamit ng cookies ang website na ito

Gumagamit kami ng cookies para sa analytics upang mapabuti ang aming site. Basahin ang aming patakaran sa privacy para sa higit pang impormasyon.
Tanggihan