Samsung Electronics' unionized workers to resume talks with management

Samsung's flag flutters at Samsung Electronics' office in Seocho District, Seoul. Newsis

Unionized workers at Samsung Electronics said Tuesday they have agreed to resume talks with management ahead of a planned strike in May over bonuses.

"We had a labor-management meeting at 2 p.m., and management expressed its willingness to discuss removing the cap on performance-based bonuses and other issues," a joint board of three labor unions, including the National Samsung Electronics Union (NSEU), said in a statement.

"Accordingly, we have decided to resume negotiations," it added.

The two sides will hold full-scale negotiations on Thursday and Friday following a working-level meeting on Wednesday.

The announcement came a day after the joint union body held discussions with Vice Chairman and Chief Executive Officer (CEO) Jun Young-hyun.

Last week, the unions said 93.1 percent of their members supported the strike plan in a vote. The three unions have around 90,000 members.

The unionized workers have been demanding that management remove a cap on bonuses and grant a 7 percent wage hike, along with greater transparency in calculating performance-based bonuses.