Samsung, South Korea
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By Hyunjoo Jin SEOUL, May 15 (Reuters) - A looming 18-day strike at South Korean chip giant Samsung that has triggered worries within the government, rattled foreign investors and threatened global supply chains rests on one crucial question: who should share in the spoils of the AI boom?
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(2nd LD) PM issues warning over planned Samsung Electronics strike, vows all measures including emergency arbitration
Prime Minister Kim Min-seok on Sunday welcomed the planned resumption of dialogue between Samsung Electronics and its labor union amid a looming strike, while warning that the government will consider every possible measure,
Samsung Electronics has initiated an emergency production management regime for its semiconductor division, exactly one week before a scheduled general strike.
Samsung Electronics has reportedly begun throttling semiconductor output by cutting new wafer input and placing lithography, etching, and cleaning equipment on standby.
Samsung Electronics Co.’s top management made a rare visit to leaders of the company’s largest labor union late Friday in an effort to revive stalled wage negotiations after government-mediated talks collapsed earlier this week.
Samsung management and its union remain far apart on negotiations, with the union demanding a 15% share of operating profits and removal of bonus caps. The company’s stock dropp
As Samsung Electronics and its workers' union struggle to reach a deal on compensation, memory prices have increased by up to 20% in some cases.
Samsung Electronics Co. and its labor union failed to reach a wage agreement Wednesday, raising concerns over a major strike later this month that could disrupt operations at the world's largest memory chipmaker.
Samsung and a South Korean labor union left the table without a deal on Tuesday. With these negotiations part of a last-ditch effort to salvage relations ahead of a planned May 21 strike that would last two weeks,