Samsung Chairman warns union strike could hurt economy
Chairman Shin Je-yoon urged unionized workers to resolve pay disputes through dialogue to avoid disrupting chip production and deliveries. He warned that the planned 18-day strike starting May 21 could lead to capital outflows and a weaker currency.
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SAMSUNG ELECTRONICS CO LTD Chairman Shin Je-yoon urged unions to resolve pay disputes before a planned 18-day strike beginning May 21. The industrial action follows union demands for higher bonuses at South Korea’s largest company by revenue. Disruptions threaten production deliveries and could trigger capital outflows or a weaker won currency.
