Samsung Electronics and Union to Resume Wage Talks Monday
Samsung Electronics and its largest labor union will meet Monday to discuss wages and compensation. The talks aim to prevent a strike at the world's largest memory chipmaker.
koreaherald.comSamsung Electronics and its largest labor union will meet Monday to discuss wages and compensation. The meeting is intended to avert a strike at the world's largest memory chipmaker. Prime Minister Kim Min-Seok addressed the nation on Sunday and urged both sides to reach an agreement. He stated that the Monday session represents the final opportunity for resolution.
Reported operating profit growth driven by demand for its semiconductors. The company is the world's largest producer of memory chips. The union has held protests over compensation levels at a semiconductor plant in Pyeongtaek, South Korea. The protests took place on April 23.
"Along with the entire public, we earnestly request Samsung's management and union to achieve results during the mediation tomorrow, which is virtually the last chance," Prime Minister Kim Min-Seok said in an address to the nation on Sunday.
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