Samsung Electronics, striking labor union still struggle to make compromise


Samsung Electronics and its largest labor union are currently engaged in wage negotiations amidst an ongoing strike, with no significant progress reported. The National Samsung Electronics Union (NSEU) proposed three days of "end-of-the-line bargaining" on the condition that the company presents a satisfactory negotiation proposal. The NSEU is demanding a 5.6 percent basic pay raise for all members, a guaranteed day off on the union's founding day, and compensation for economic losses due to the strike. On the other hand, Samsung Electronics has offered a 5.1 percent increase in wages, emphasizing its commitment to building a win-win labor-management relationship. Despite the strike lasting more than two weeks, Samsung Electronics reported minimal impact on production, and both parties may continue their negotiations to prevent further disruptions and maintain the company's competitive edge in the global semiconductor market. The negotiations between Samsung Electronics and the NSEU have not yielded significant progress, with the union's full-scale strike ongoing since July 8. The NSEU has proposed "end-of-the-line bargaining" for three days, contingent on the company presenting a satisfactory negotiation proposal. The union is demanding a 5.6 percent basic pay raise, a guaranteed day off on the union's founding day, and compensation for economic losses due to the strike, while Samsung Electronics has offered a 5.1 percent increase in wages. Despite the strike's impact, Samsung Electronics aims to maintain its competitive edge in the global semiconductor market and prevent further disruptions through continued negotiations with the NSEU, which represents approximately 24 percent of the company's total workforce.


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