Samsung strike court ruling released! It ordered unions not to interfere with production capacity; violators will be fined 100 million won per day
Samsung Electronics’ labor-management negotiations have hit a stalemate. The union plans to launch an 18-day total strike involving up to 50k people on Thursday this week. The government intervened: on 5/18, the court granted an injunction against the strike. If production capacity is affected, the penalty is 100 million Korean won per day; the union leaders face 10 million Korean won per day. The core dispute centers on performance bonuses: the union wants to remove the cap, allocate 15% of operating profit as bonuses, and include it in the contract; management insists on keeping the cap. In early trading, the stock price once rose by about 6.7%. The government urged rational negotiations to avoid impacting the economy.
05-18 08:05
