Wage negotiations between Samsung Electronics and the largest union have reached an impasse1. Background:
- Samsung Electronics and South Korea’s National Samsung Electronics Union (NSEU) will start a new round of negotiations from Monday.
- Last negotiations failed to reach an agreement last week.
2. Union demands:
- NSEU demands a 5.6% increase in basic wages.
- Guaranteed vacation on the day when the union is established.
- Compensation for economic losses caused by strikes.
3. Samsung Electronics’ position:
- emphasizes its commitment to establishing a win-win labor-management relationship.
- Proposed wage increase of 5.1%.
4. Strike situation:
- The strike started on July 8th.
- It will become an indefinite strike from July 10th.
- So far, Samsung Electronics says the impact on production will be minimal.
5. Subsequent developments:
- It is unclear whether the two parties will continue negotiations.
- The union said it will continue the strike.
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