Explainer-What Are Samsung Union Workers Demanding and How Might a Strike Play Out?
The union says Samsung should base bonuses on 15% of operating profit, while the company defends its EVA system as the sides try to avert an 18-day strike.
- On Tuesday, Samsung Electronics management and labor union representatives resumed mediation talks at the National Labor Relations Commission headquarters in Sejong to avert an 18-day strike.
- Negotiations are racing against the clock before nearly 48,000 workers are set to walk out on Thursday, with both parties under pressure to finalize a bonus payment deal.
- The union demands replacing the company's complex Economic Value Added -based bonus system with one allocating 15 percent of annual operating profit, criticizing current calculations as a 'black box' system.
- National Labor Relations Commission Commissioner Park Su-keun reported the 'gap between labor and management is somewhat narrowing,' though the government remains prepared to invoke compulsory arbitration preventing strikes for 30 days.
- Analysts warn an 18-day strike could disrupt global memory chip supplies by 3 to 4 percent for DRAM and 2 to 3 percent for NAND, while Samsung notified the union that 7,087 workers must remain on duty.
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El Periódico
laprovincia.esAnother problem accumulates to the strained global production chain of artificial intelligence. About 48,000 employees of Samsung threaten to start on Thursday an 18-day historic strike that could disrupt the supply of memory chips, vital for this technology and for electronic devices such as computers and mobile phones.Keep reading....
The Independent
The Independent (US)Samsung hosts last-ditch talks to avert major workers’ strike
Any disruption to Samsung's production could also impact global supply chains
Samsung, union narrow some differences as strike nears
Samsung Electronics and its South Korean union have narrowed some differences, a mediator in their talks said today, as the government and business groups pile on pressure to avert an imminent and damaging lengthy strike.
Negotiations are continuing two days ahead of Samsung Electronics' general strike. It is reported that some differences have been narrowed. We will discuss this further with Industry reporter Kim Jong-min. Reporter Kim Jong-min. 【 Question 1 】 It is reported that differences between labor and management have narrowed during the mediation meeting.
Explainer-What are Samsung union workers demanding and how might a strike play out?
SEOUL, May 19 : South Korean memory chip maker Samsung Electronics is facing its worst-ever strike, with nearly 48,000 workers threatening to walk off production lines on Thursday for 18 days over a dispute about bonus payouts. Here are key things to know:WHAT DOES SAMSUNG'S UNION WANT?Samsung's
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