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Samsung Electronics' largest labor union continues to strike, and it is reported that the salary negotiations between labor and management have failed again

2024-08-01

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IT Home reported on August 1 that Yonhap News Agency reported that sources revealed yesterday that Samsung Electronics and its largest labor union failed to make a breakthrough in wage negotiations. It is unclear whether the two sides will continue negotiations.Union says strike will continue

Samsung Electronics management and the National Samsung Electronics Union (NSEU) began a new round of negotiations on Monday after their last round of talks failed to reach an agreement last week.

NSEU had proposed three days of "final negotiations" starting on Monday, conditional on Samsung coming up with a satisfactory negotiation plan. Samsung Electronics said,Difficult to accept union demands, but willing to engage in active dialogue during negotiations

The report said that NSEU asked all membersBasic salary increased by 5.6%, guaranteeing a day off on the union's founding day and compensating for economic losses caused by the strike. Samsung Electronics stressed its commitment to building a win-win labor-management relationship and proposed a 5.1% wage increase.

According to IT Home, the strike began on July 8 and became an indefinite strike on July 10. Although the strike has lasted for more than 20 days, Samsung Electronics reported that the impact on production was minimal.