Samsung Electronics Labor Talks Collapse; Union to Launch Strike Next Thu
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Samsung Electronics' labor talks have collapsed, leading to a planned general strike by the union next Thursday. The strike could result in economic losses of KRW40 trillion and impact the semiconductor industry. The union, representing over half of Samsung's employees, failed to reach an agreement after 17 hours of negotiations, with demands for transparency in performance bonus distribution and the abolition of bonus caps not accepted. Currently, 41,000 members plan to strike, with numbers expected to exceed 50,000.
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