The Korea Times
Samsung Electronics and the government on Thursday urged labor unions at the world's largest memory chipmaker to resume wage negotiations after government-mediated talks collapsed earlier this week. The Korean tech giant sent an official document to its two major labor unions in what is widely viewed as a last-ditch effort to avert a strike scheduled for next Thursday. Two days of government-led mediation talks ended without an agreement Wednesday, as labor and management remained sharply divided over performance-based bonuses tied to the earnings related to the company's artificial intelligence (AI) amid an upcycle in the semiconductor industry. The National Labor Relations Commission on Thursday also called on the two sides to hold another round of government-mediated talks Saturday. However, the union reaffirmed its position that it has no intention of engaging in further dialogue unless key demands are addressed. "There is no reason to continue the dialogue without the institutionalization of bonus payments and transparency," said Choi Seung-ho, head of Samsung Electronics' largest la
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