Search results for OPI
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.
Industry
Samsung Electronics executives issue public apology over protracted labor dispute
Samsung Electronics\' executive team issued a public apology on May 15 over a protracted labor dispute, saying it had burdened and worried the public and government. Vice Chairman Jun Young-hyun and other executives urged unconditional dialogue, calling the union a family and community of destiny. The company said it had proposed options on OPI funding and added a special unlimited compensation scheme. The union criticised the response as strike plans and internal divisions grew.
Industry
Samsung Electronics labor talks resume; focus on whether deal is reached before general strike
Samsung Electronics and its unions have returned to the bargaining table after negotiations broke down for several months. The joint labor body said it decided to resume talks after the company indicated it would accept discussions on making the OPI bonus scheme more transparent and abolishing its cap. Working-level talks start on March 25, followed by intensive talks on March 26 and 27. The unions are maintaining a planned general strike in May.
