Management and national leaders astatine Samsung Electronics person failed to scope a last-minute woody implicit wages
ByKIM TONG-HYUNG Associated Press
SEOUL, South Korea -- Management and national leaders astatine Samsung Electronics failed to scope a last-minute woody implicit wages Wednesday, raising prospects for a onslaught astatine the South Korean electronics elephantine that could rattle planetary semiconductor supplies and the country’s trade-dependent economy.
Government officials person threatened to invoke seldom utilized exigency powers to unit a colony astatine Samsung, wherever the union, which represents astir 74,000 workers, says the institution has failed to connection capable compensation contempt its soaring profits fueled by the planetary roar successful artificial intelligence.
After the latest circular of talks ended without a breakthrough connected Wednesday, national person Choi Seung-ho told reporters that unionized workers volition statesman an 18-day onslaught from Thursday.
Both the national and the absorption held each different liable for a nonaccomplishment to scope a deal. Choi accused absorption of refusing to judge a government-mediated connection whose details helium refused to disclose. Management accused the national of calling for excessive compensation packages for workers astatine loss-making units.
The 2 sides said they volition proceed efforts to scope a deal, but it's unclear if they could beryllium down for talks again aboriginal successful the day.
Samsung is simply a large shaper of smartphones, user electronics and semiconductors.
The institution its cross-town rival, SK Hynix, unneurotic nutrient astir two-thirds of the world’s representation chips, which are seeing surging request driven by AI. Samsung said past period its operating nett for the January-March 4th jumped eightfold to a grounds 57.2 trillion won ($38 billion).
Union leaders person demanded a compensation operation successful which Samsung would perpetrate to walk 15% of its yearly operating nett connected worker bonuses and scrap bonus caps, which are presently acceptable astatine 50% of yearly salaries. Management says the demands are excessive, citing the highly cyclical quality of the semiconductor business.
Prime Minister Kim Min-seok, the government’s No. 2 authoritative aft President Lee Jae Myung, said successful a televised connection Sunday that the onslaught could origin up to 100 trillion won ($66 billion) successful economical harm by disrupting Samsung’s highly analyzable semiconductor manufacturing processes.
A section tribunal connected Monday partially granted the company’s petition for an injunction against the planned strike, ruling that the national indispensable support definite staffing levels to forestall harm to facilities and materials and guarantee harmless operations. The Suwon District Court besides barred unionists from occupying cardinal facilities and offices.
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Associated Press writer Hyung-jin Kim contributed to this report.
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