Samsung, Labour Union To Resume Talks on Wage Negotiations This Week, Says Report
Unionised workers of Samsung Electronics have decided to resume talks with the company later this week, about two weeks after wage negotiations broke down, industry sources said on Tuesday.
Seoul, June 11: Unionised workers of Samsung Electronics have decided to resume talks with the company later this week, about two weeks after wage negotiations broke down, industry sources said on Tuesday.
Samsung and representatives of the labour union will meet on Thursday to discuss the schedule and direction of future bargaining, according to the sources. Since January, the two sides have held several rounds of talks but have been unable to narrow their differences over the wage increase rate, vacation system and bonuses, reports Yonhap News Agency. Samsung Launches 2024 QLED 4K TV Series in India; Know About Price, Specifications and Features.
After failing to reach a deal on wage hikes, the National Samsung Electronics Union (NSEU), the biggest labour union with 28,000 members, secured the legal authority to proceed with a strike following a mediation process by the National Labor Relations Commission and a subsequent vote among its members. Samsung Announces To Extend Galaxy AI Features for Upcoming Foldables, Will Expand ‘Live Translate’ Tool on Third-Party Message Apps To Support Voice Calls.
Late last month, the NSEU announced a collective action in protest against stalled wage negotiations with the management, threatening a full-fledged strike. According to union members, they took the day off last Friday as a preliminary step toward a potential general strike. Samsung has not experienced a strike since it was founded in 1969.
(The above story first appeared on LatestLY on Jun 11, 2024 02:12 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).