Samsung's South Korean union sticks to strike plan after talks offer; shares slide - Reuters

<a href="https://news.google.com/rss/articles/CBMi1AFBVV95cUxPQ2ZDa2FBa0s2cFRObFFEc2luMmdDczd3SGcwWk5vVEl2V19TY3pxOXM4Wnc1dWp6aWVfLS1EZ3VTRXAzNEFyM204SHA4TjRxd2MzMDFqSDJwYVZQbjBsaHdGMDMwV2FEZ2FCdmd1MVhmejhFTF9DRG91Y1ViNXpFdFotbEFfZ3RoV1l1ZEdzZXhKN1haT2psVDlOb0lGU0hzN1MweS1UZ2J0ZVotcW04QVM0U1Q0TUZuU0ppQUxBTHhmcm5wWVJBNHVJZVNYcjMwRGhKRw?oc=5" target="_blank">Samsung's South Korean union sticks to strike plan after talks offer; shares slide</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

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 shares declined as the company's largest labor union announced it would proceed with a planned strike later this month, despite Samsung's offer to resume unconditional talks over pay and bonuses.

Samsung's labor union remains committed to a strike despite the company's offer of unconditional pay talks, leading to a significant drop in shares. Negotiations over pay and bonuses have collapsed, with the union planning an 18-day walkout from May 21.

Samsung Electronics' South Korean labor union said the tech company had proposed resuming talks without conditions, days after government-mediated negotiations over pay and bonus schemes collapsed. The union said it was willing to hold talks after June 7, while maintaining plans for a strike from May 21 that could disrupt production at the world's biggest memory chipmaker.