Samsung Biologics Strike Costs Reach 101 Million Dollars
The South Korean drugmaker says a strike involving half its workforce has disrupted production since April. Management and the union resume pay talks on Monday.
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SAMSUNG BIOLOGICS CO LTD estimated a labor strike in South Korea has cost the company $101.90 million since late April. The disruption involves 2,861 employees, representing half of the total workforce, who began striking on April 28. This labor friction threatens to delay a sixth plant expansion and drive clients toward competitors in the United States.
