South Korean PM Kim Min-seok welcomed planned dialogue between Samsung Electronics and its union, but warned of emergency arbitration if a strike proceeds. The dispute centers on performance bonuses for AI semiconductor business earnings.
South Korean Prime Minister Kim Min-seok welcomed planned dialogue between Samsung Electronics and its labor union, warning of government intervention including emergency arbitration to prevent economic damage from a looming strike over performance bonuses.
Workers told to be realistic about outcome of union talks as corporation aims to make savings with job cutsBBC staff have been told their bosses will forgo a pay rise this year but fear the freeze will lead to a meagre increase for the rank and file, who have been urged to be realistic about the outcome of union negotiations.Employees have been told that the corporation’s executive committee – its 12 highest-paid bosses including the director general, who were paid almost £5m in total last year – will have their pay frozen this year amid a £600m cost-cutting drive. Continue reading...
