Search results for National Labor Relations Commission
Industry
Samsung Electronics management and union reach tentative wage deal, halt general strike
Samsung Electronics and its labour union signed a tentative agreement on 2026 wage talks late on May 20, suspending a planned 18-day general strike from May 21 to June 7. The deal follows renewed talks after failed mediation and direct government involvement. Final approval depends on a union membership vote from May 22 to May 27. The agreement includes a new DS division special performance bonus scheme and an average wage increase of 6.2 percent.
Industry
Samsung Electronics labor talks fail to reach deal, to resume after mediation recess
Samsung Electronics and its labor union failed to reach an agreement in post-mediation talks over performance pay, and the National Labor Relations Commission recessed the meeting at 12:30 a.m. on May 20. The two sides will resume talks at 10 a.m. Key issues include scrapping a 50 percent cap on bonuses, how to distribute the bonus pool and whether to institutionalize any agreement, with a union-planned general strike set for May 21.
Industry
Lee Jae-yong says he will take the hit as Samsung union and management face final mediation on May 18
Samsung Electronics union and management will return on May 18 to a second post-mediation session at the National Labor Relations Commission, days before a planned strike. Chairman Lee Jae-yong apologised to customers worldwide and the public, calling employees and the union “one family” and saying he would take responsibility. The company changed its lead negotiator, while the union agreed the outgoing negotiator could attend without speaking. Talks focus on performance bonuses and whether to institutionalise the scheme.
