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Samsung Electronics Union Talks Collapse, Strike Looms on the 21st

Published: · Source: mk.co.kr

Samsung Electronics Union Talks Collapse, Strike Looms on the 21st
TL;DR: Samsung Electronics labor and management failed to narrow differences over performance bonus payments after marathon talks lasting until dawn, leaving mediation collapsed and a strike possible on the 21st.
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Talks between Samsung Electronics labor and management have finally broken down after the two sides failed to narrow differences over performance bonus payments. The Samsung Electronics supra-enterprise union rejected the post-mediation proposal presented by the National Labor Relations Commission, and marathon negotiations that continued until dawn ended without agreement. Choi Seung-ho said the mediation plan had moved backward from the previous position and that gaps on key issues had not narrowed. With the collapse, the union’s planned general strike on the 21st has become more likely. Further talks and any shift in positions on bonuses will be key factors. Source: mk.co.kr

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