Samsung Elec, South Korea union to resume pay talks on Monday, union says - Reuters
Samsung Elec, South Korea union to resume pay talks on Monday, union says Reuters
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Notable Quotes
"I sincerely apologise to customers around the world for causing anxiety and concern due to issues within our company."
— Lee Jae-yong , Executive
"There is no reason to continue the dialogue without institutionalisation and transparency."
— Choi Seung-ho , Activist
"A strike should be averted no matter what, saying it would be a significant risk to South Korea's economic growth, exports and markets."
— Koo Yun-cheol , Politician
"I sincerely apologise to customers around the world for causing anxiety and concern due to issues within our company."
— Jay Y. Lee , Executive
Key People
Chairperson of the supra-enterprise union at Samsung Electronics.
Jay Y. Lee is the Chairman of Samsung Electronics.
Finance Minister of South Korea concerned about leveraged stock investments.
Chairman of Samsung Electronics.
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<a href="https://news.google.com/rss/articles/CBMiwwFBVV95cUxONkMzN1B2N09TUXhzRnRkV3ZQNkpZSmVLNFdaVVJndHo2dmFMdFZQQWt0ZUc3WjlNdHdyZmdLdlBwQi1Vd0JYeXdwMkpBTGR4RkI0bWJkV05zSXVVVFl1S1BZZ183NVZzTzEtTkFKdm5jbDZFZk4tQkpsazFTZVdsVXo5R3BUY2lFa0M2ZXlMcDFzSE1mSDJZSjJJQTgzMF9nMUtqNEFWc1hjbHNCNUNta0w1MFhDZjBvVF9wOEFUb2dhTEk?oc=5" target="_blank">Samsung Elec, South Korea union to resume pay talks on Monday, union says</a> <font color="#6f6f6f">Reuters</font>
Samsung Electronics and its South Korean labor union will resume pay talks on Monday with a government mediator, potentially easing concerns over a disruptive strike at the tech giant.
Samsung Electronics' South Korean labor union remains committed to a planned strike starting next week, even after the company proposed resuming pay talks without conditions, leading to a significant drop in shares.
Samsung Electronics proposed resuming talks without conditions after government-mediated negotiations over pay and bonus schemes collapsed, but the union maintains plans for a strike from May 21.
Despite Samsung Electronics proposing unconditional talks, the South Korean labor union remains committed to a planned 18-day strike starting May 21. The union expressed willingness to hold talks after June 7, maintaining its strike plans. This decision led to a significant decline in Samsung's shares, highlighting concerns over potential production disruptions. ([investing.com](https://www.investing.com/news/stock-market-news/samsungs-south-korean-union-sticks-to-strike-plan-after-talks-offer-shares-slide-4691071?utm_source=openai))
Samsung Electronics and its South Korean labor union will resume pay talks on Monday with a government mediator, potentially easing concerns over a disruptive strike at the tech giant.
Samsung Electronics urged its South Korean labor union to resume pay talks after government-mediated negotiations fell apart, with a threatened lengthy strike looming.
Samsung Electronics and its South Korean labor union will resume pay talks on Monday with a government mediator, aiming to avert a potentially disruptive strike. The union announced the resumption of talks and noted that Samsung had replaced its representative for the negotiations. Samsung declined to comment on the meetings. This development follows Chairman Jay Y. Lee's public apology to customers and the public over the labor dispute. ([thestar.com.my](https://www.thestar.com.my/tech/tech-news/2026/05/16/samsung-elec-chairman-apologises-to-customers-public-amid-labour-tensions?utm_source=openai))
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