City
Epaper

Samsung, labour union to resume wage talks this week

By IANS | Updated: June 11, 2024 14:05 IST

Seoul, June 11 Unionised workers of Samsung Electronics have decided to resume talks with the company later this ...

Open in App

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.

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.

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.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

ThaneAmbarnath Tragedy: Car Collides With Multiple Two-Wheelers on Bridge, Four Dead; Shocking CCTV Footage Surfaces

NationalKerala: 1.64 lakh nominations filed for two-phase local body elections

InternationalDefence Minister mourns death of IAF Tejas pilot

CricketUSA's Akhilesh Reddy charged for ICC Anti-Corruption Code breach

NationalViolence, arson and terrorism imported from CPI-M in Tripura, claims CM Saha

Technology Realted Stories

TechnologyRajasthan Police conference concludes with focus on technology, road safety

TechnologyMinistry will work on practical solutions to build more flexible, globally competitive SEZ framework: Commerce Secretary

TechnologyCommunity participation foundation of early disease detection and surveillance: Dr V K Paul

TechnologyIndia-UAE CEPA offers shared innovation, opportunity for startups: Envoy

TechnologyEarly action on AMR key to ensure infections remain treatable, surgeries stay safe: WHO