Samsung Electronics and striking union to resume talks on Friday


FILE PHOTO: A worker waters a flower bed next to the logo of Samsung Electronics during a media tour at Samsung Electronics' headquarters in Suwon, South Korea, June 13, 2023. REUTERS/Kim Hong-Ji/File Photo

SEOUL (Reuters) - Samsung Electronics and representatives of its biggest workers' union in South Korea that has been on a strike since early last week have agreed to resume negotiations on Friday, the two sides said.

They plan to meet on Friday to set a firm negotiation schedule, Son Woo-mok, president of the National Samsung Electronics Union whose roughly 30,000 members make up almost a quarter of the company's South Korean workforce, told a YouTube live broadcast.

The union has been on an indefinite strike over pay and benefits.

Samsung said in a statement it hopes that the strike will be resolved as soon as possible, and confirmed it has proposed an unconditional resumption of dialogue.

Analysts have said a drawn-out strike by key personnel will add to challenges for Samsung, the world's biggest memory chipmaker, which is struggling to navigate competition in semiconductors used for artificial intelligence.

Samsung has said the strike has caused no disruption to chip production.

(Reporting by Ju-min Park and Joyce Lee; Editing by Muralikumar Anantharaman)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

SEC agrees to dismiss case over crypto lending by Winklevoss' Gemini
Apple issues urgent warning, millions of iPhone users at risk; update ASAP
Microsoft CEO warns AI needs to spread beyond Big Tech to avoid bubble
The ChatGPT app is getting ads, but Google's Gemini app isn't for now
Google says it fixed a Bluetooth flaw. Researchers claim hackers can still track you
Fidelity settles lawsuit over access to 'business-critical' Broadcom software
Meta halts teens' access to AI characters globally
Tesla to charge subscription fee for some highway driver-assist features in US, Canada
'Jobs, jobs, jobs' the AI mantra in Davos as fears take back seat
UK investigates Meta's compliance with WhatsApp data requests

Others Also Read