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Industry

Samsung Electronics labor talks break down, raising fears of May 21 general strike

Samsung Electronics and its labor union failed to reach a deal in post-mediation talks at the National Labor Relations Commission, raising the likelihood of a general strike on May 21. The sides could not narrow differences over performance bonus standards and caps. The union said 41,000 members had expressed willingness to join the strike. Samsung expressed regret and said it would keep talking. The government urged principle-based negotiations and said a strike must not happen.

Industry

Samsung Electronics union renews push for strike for first time in 2 years

Samsung Electronics\' labour union secured the legal right to strike after 93.1 percent of voting members backed industrial action, and it signalled a general strike in May. Three unions took part, with 66,019 of 89,874 eligible members voting. The union said pay talks failed to narrow differences and it will hold a rally on April 23. Key demands include greater transparency in bonus calculations, scrapping bonus caps and a 7 percent pay rise.