Samsung BioLogics Labor and Management Agree on 'Ex-Post Mediation'... Will Negotiations Speed Up?

연합뉴스-Yonhap News Agency

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(Seoul = Yonhap News) Reporter Park Sang-hyun = The labor and management of Samsung Biologics [207940], which have been in conflict over wage increases and improvements to the personnel system, [entered into] ex-post mediation ...

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Samsung Biologics management and labor have accepted the Labor Relations Commission's ex-post mediation procedure to resolve wage and collective bargaining negotiations. The two sides have been in conflict for a long time, unable to find common ground on key issues such as wage increases and the method of calculating performance bonuses, and are showing signs of resolving the issue of prolonged negotiations through this arbitration.