Seoul, May 11 (IANS) The largest labour union at Samsung Electronics on Monday reiterated its demand that the company allocate 15 per cent of operating profit to employee performance-based bonuses and remove the payout cap, warning that mediation efforts could collapse if no progress is made.Choi Seung-ho, head of the union, reaffirmed the labor group’s position ahead of follow-up mediation talks aimed at averting the union’s planned 18-day strike beginning May 21, reports Yonhap news agency.”We…
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Seoul, May 3 (IANS) Samsung Biologics, the biotech arm of Samsung Group, has agreed to return to the negotiation table this week, a corporate official said on Sunday.The two sides will renegotiate on Monday under the mediation of the Jungbu regional employment and labor office, after the first round of talks fell through on Thursday.The strike is the first ever for the union, with the walkout entering its third day on Sunday, reports Yonhap news agency.”Our decision to respond to the labor minis…
Seoul, April 16 (IANS) Samsung Electronics has filed for a court injunction in connection with potential collective action by its labour union that could disrupt production, industry sources said on Thursday.According to the sources, the company made the legal request with the Suwon District Court earlier in the day in an apparent move to prevent the union from occupying key facilities, such as semiconductor production lines, in order to avoid significant operational losses, reports Yonhap news …