Tag: Strike

A last-minute labor agreement at Samsung Electronics is expected to influence labor negotiations across South Korea, with unions at several major corporations now likely to pursue similar profit-sharing demands. Samsung management and labor representatives reached a tentative agreement just hours before unions were scheduled to begin a large-scale strike. The deal introduced a new “special… Continue reading Samsung Bonus Deal May Encourage Wider Push for Profit Sharing Across Korean Industries

Samsung Electronics’s board chairman on Tuesday expressed concerns over the potential economic impact of a planned general strike by unionized workers and called for the dispute to be resolved through dialogue, the company said. “As chairman of the board, I feel a deep sense of responsibility for the current situation and apologize for causing concern,”… Continue reading Samsung Electronics board chair warns of economic fallout from planned strike