Samsung Chairman Apologises Over Labour Union Dispute
Chairman Jay Y. Lee issued a public apology as wage negotiations with the South Korean labour union collapsed. Government officials warn that a potential strike at the memory chipmaker could pose significant risks to national economic growth and global exports.
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SAMSUNG ELECTRONICS CO LTD Chairman Jay Y. Lee apologized for a wage dispute as a potential strike threatens global chip supplies. The apology follows the breakdown of government-mediated negotiations between Samsung Electronics management and the labor union in South Korea. A production halt would disrupt hardware pipelines for key customers including NVIDIA CORP, ADVANCED MICRO DEVICES, and ALPHABET INC-CL A.
