Samsung Electronics Management, Labor Union Hold Mediation Talks for 2nd Day
Union leaders seek bonuses equal to 15% of operating profit as Samsung warns a general strike could begin May 21.
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7 Articles
These statements take place while the Samsung Electronics union is calling for the abolition of the performance bonus ceiling and is asking for a system that allocates 15% of the operating profit to the bonuses.
The Korea Times
연합뉴스-Yonhap News AgencySamsung Electronics management, labor union hold mediation talks for 2nd day
The labor union and management at Samsung Electronics held negotiations for the second day on Tuesday to try to narrow differences over performance...
Minister Kim Young-hoon: Samsung Electronics Must Approach Mediation Befitting the Name "Another Family" On the 11th, regarding the entry of Samsung Electronics management and labor into the post-mediation procedure at the National Labor Relations Commission, Minister of Employment and Labor Kim Young-hoon expressed his hope that both sides would approach the mediation with a sense of social responsibility, befitting the name "Samsung, Another F…
Samsung management, labor remain deadlocked over bonuses as $20B fallout looms
Samsung Electronics and its union reportedly remain deadlocked in ongoing government-mediated talks on Tuesday, raising the prospect of a general strike that industry sources warn could cause up to 30 trillion won ($20.1 billion) in losses.
The Samsung Electronics Workers' Union in South Korea has announced an 18-day strike starting May 21, demanding greater transparency in performance-based bonuses and a maximum bonus of 45 trillion won, equivalent to 15% of operating profits. As the strike date approaches, labor-management tensions continue to escalate, and the dispute has spread from within the company to various sectors of South Korean society.
First round of mediation fails… NLRC expected to present mediation proposal
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