Workers at Samsung Electronics in South Korea announced Friday that the technology giant has offered to restart labor discussions without any preconditions, following the breakdown of government-facilitated negotiations regarding compensation and bonus structures.
The labor organization indicated its willingness to engage in discussions after June 7, though it intends to proceed with a planned work stoppage beginning May 21 that could impact operations at the globe’s largest memory chip manufacturer.
Samsung Electronics released a statement verifying its proposal for talks without conditions, but did not offer additional details at the time.
The workers’ union had stated Thursday that it would participate in negotiations if the corporation presented a comprehensive proposal addressing worker concerns by 0100 GMT Friday.
Government leaders in South Korea, including the prime minister and finance minister, have expressed alarm that a work stoppage at Samsung must be prevented, cautioning it could create substantial threats to the nation’s economic expansion, export activity and financial markets.
Samsung Electronics stock prices dropped 2% during morning trading following the announcement of unconditional negotiation proposals, while the overall KOSPI index fell 1.1%.
