Seoul, May 20 (IANS) Samsung Electronics’ union said on Wednesday it will proceed with the strike scheduled for later this week, arguing management has rejected a government-mediated proposal.”We accepted the mediator’s proposal,” the company’s largest union said, adding that it will go ahead with the legally scheduled general strike as planned, reports Yonhap news agency.The two sides have been holding government-mediated talks over performance-based bonuses, with nearly 48,000 workers schedu…
Latest Labor Dispute News & Updates
Seoul, May 14 (IANS) South Korea’s top economic and financial policymakers on Thursday called for the prompt settlement of a labor dispute at Samsung Electronics, warning that a possible strike could threaten the country’s economy amid a semiconductor supercycle.Finance Minister Koo Yun-cheol and other heads of financial authorities made the joint remarks during a meeting on the potential fallout from a planned walkout by Samsung Electronics workers, according to the Ministry of Finance and Econ…
Seoul, May 5 (IANS) Samsung Electronics’ board chairman on Tuesday expressed concerns over the potential economic impact of a planned general strike by unionized workers and called for the dispute to be resolved through dialogue, the company said.”As chairman of the board, I feel a deep sense of responsibility for the current situation and apologize for causing concern,” Chairman Shin Je-yoon said in a message posted on the company’s intranet.He warned that both management and labor could lose…