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Samsung Biologics Union Agrees to Return to Negotiation Table After First-Ever Strike
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Labor·03.05.2026AI özeti

Samsung Biologics Union Agrees to Return to Negotiation Table After First-Ever Strike

Samsung Biologics union has agreed to return to negotiations on Monday under labor ministry mediation, after its first-ever strike entered day three. The union demands a 14% increase in base and performance pay, a 30 million won one-off cash incentive, and bonuses equal to 20% of annual operating profit. The company has proposed 6.2% and claims the walkout could cause at least 640 billion won in damage, equivalent to half its Q1 sales.

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Yonhap News
Samsung Biologics Union Agrees to Return to Negotiation Table After First-Ever Strike
Gelişiyor
Labor·03.05.2026AI özeti

Samsung Biologics Union Agrees to Return to Negotiation Table After First-Ever Strike

Samsung Biologics union has agreed to return to negotiations on Monday under labor ministry mediation, after the first round of talks failed. The strike, the first in the company's history, is now in its third day with around 2,800 of 4,000 unionized workers walking out. The union demands a 14% increase in base and performance pay, a 30 million won one-off cash incentive per worker, and bonuses equal to 20% of annual operating profit. The company has proposed a 6.2% combined increase and claims the strike could cause at least 640 billion won in damage, equivalent to roughly half of its first-quarter sales.

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Yonhap News
Samsung Biologics Workers Begin First-Ever Strike, Company Warns of Potential $433M Losses
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Business·01.05.2026AI özeti

Samsung Biologics Workers Begin First-Ever Strike, Company Warns of Potential $433M Losses

Unionized workers at Samsung Biologics began a five-day general strike on May 1, marking the first labor action since the company's 2011 establishment. The union demands a 14% increase in base and performance pay, a 30 million won cash incentive, and bonuses equal to 20% of annual operating profit. The company proposed 6.2% and warned that full-scale strike losses could exceed 640 billion won ($433 million), roughly half of its Q1 sales. The strike has already forced cessation of some batch production of anticancer and HIV treatments, with current losses estimated at 150 billion won.

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Yonhap News
Samsung Biologics Workers Begin First-Ever Strike Over Wage Demands
Gelişiyor
Business·01.05.2026AI özeti

Samsung Biologics Workers Begin First-Ever Strike Over Wage Demands

Unionized workers at Samsung Biologics launched a five-day general strike on May 1, 2026, marking the first labor walkout in the company's history since its 2011 establishment. The union demands a 14% increase in base and performance-related pay, a 30 million won one-off cash incentive, and bonuses equal to 20% of annual operating profit. The company has proposed 6.2% and warns losses could exceed 640 billion won ($433 million). Negotiations failed after 13 rounds despite a court injunction attempt.

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Yonhap News