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South Korean government wage arbitration failed, Samsung Electronics may welcome 53 years of history

According to Yonhap news on February 14, South Korea's National Labor Relations Commission decided on Monday to stop mediating wage negotiations between Samsung Electronics Management and trade union members, making it possible for South Korea's largest enterprise group to strike for the first time since its establishment in 1969 < p > the National Labor Relations Commission of Korea conducted two arbitrations in less than a week and failed to reach an agreement between the two sides. According to this decision, if Samsung Electronics Union members vote in favor, the union can hold a strike. Li Zairong, the actual head of SamSung group and vice president of Samsung Electronics, abolished the group's "no trade union" policy in May 2020 < p > four trade union groups of Samsung Electronics have formed a collective bargaining group and have been negotiating with the management since October. They asked the company to increase the annual salary of 10 million won (about US $8354) for each employee and fully disclose its incentive system. Samsung Electronics management did not accept this request < p > the largest of Samsung Electronics' four trade unions is said to have nearly 4500 members, accounting for about 4% of the company's 114000 employees


2023-03-22 10:04:50

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