Synopsis
Samsung Electronics and its South Korean labor union have not reached a pay agreement. This impasse follows marathon talks. A lengthy strike is now planned for May 21. The union representative expressed regret that union requests were not addressed. This potential strike could disrupt the production of AI and other chips.
Samsung Electronics and its South Korean labor union failed to reach a pay deal on Wednesday, its union leader said, ahead of a planned lengthy strike that threatens to disrupt production of AI and other chips.
The impasse followed hours of marathon talks on Monday and Tuesday under a government-mediated process, as pressure from the public and the government mounted on Samsung workers to compromise on the pay deal and avert a strike.
“I would like to express some regret that none of the agenda items requested by the union have been addressed,” union representative Choi Seung-ho told reporters at about 3 a.m. local time on Wednesday.
The union has said that if its demands are not met, workers will strike on May 21 for 18 days.
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