Samsung Electronics, labor union to resume talks ahead of planned strike
Executives of Samsung Electronics' chip division, including Vice Chairman and CEO Jun Young-hyun, second from right, speak with leaders of its union at the company’s Pyeongtaek campus in Gyeonggi Province, Friday. Yonhap
Samsung Electronics and its labor union will resume government-led mediation talks Monday, just three days ahead of a major planned strike, company and union officials said Saturday.
The session will take place at the National Labor Relations Commission's office in Sejong, about 110 kilometers south of Seoul, after earlier mediation talks broke down Wednesday.
The company's largest labor union plans to begin the 18-day strike next Thursday, which could disrupt production at the world's largest memory chipmaker. The union has said over 46,000 of its members have expressed willingness to join the strike.
The talks are expected to be a last-ditch effort to reach a resolution to an impasse over bonus payouts.
Labor and management remain sharply divided over performance-based bonuses tied to earnings from the company's artificial intelligence-related semiconductor business amid the ongoing memory supercycle.
The planned resumption comes after the company replaced its chief negotiator Vice President Kim Hyung-ro at the union's request. Yeo Myung-koo, head of the company's Device Solutions division's People Team, will replace Kim.
Samsung Electronics Chairman Lee Jae-yong earlier on Saturday issued a public apology for causing concern over the company's "internal" issues, while calling for unity within his company.
In response, Choi Seung-ho, head of the union, said employees joined the union as their trust in the company was broken. He called for efforts to restore that trust in the upcoming talks.