Samsung wants its union back at the table. The union wants the bonus formula in writing.
A week after Samsung Electronics passed $1tn in market value, its largest union is preparing an 18-day strike that could disrupt the AI memory chips inside that valuation. The wage gap with SK Hynix is the spark. The bonus formula is the fight.
Samsung Electronics sent a letter to its two largest unions on Thursday morning asking them to come back to the negotiating table. Two days of government-mediated talks had collapsed the night before.
The strike, called by the National Samsung Electronics Union, is still scheduled for 21 May and is still planned to last 18 days.
The union’s response, given through representative Choi Seung-ho, was four words long in spirit and one sentence long in practice: there is no reason to continue the dialogue without institutionalisation and transparency.
Choi was using a phrase rather than a position. The phrase means: put the bonus formula in the employment contract,...
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