financetom
Technology
financetom
/
Technology
/
Samsung Electronics and striking union to resume talks on Friday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Samsung Electronics and striking union to resume talks on Friday
Jul 18, 2024 7:37 PM

SEOUL (Reuters) - Samsung Electronics ( SSNLF ) and representatives of its biggest workers' union in South Korea that has been on a strike since early last week have agreed to resume negotiations on Friday, the two sides said.

They plan to meet on Friday to set a firm negotiation schedule, Son Woo-mok, president of the National Samsung Electronics Union whose roughly 30,000 members make up almost a quarter of the company's South Korean workforce, told a YouTube live broadcast.

The union has been on an indefinite strike over pay and benefits.

Samsung said in a statement it hopes that the strike will be resolved as soon as possible, and confirmed it has proposed an unconditional resumption of dialogue.

Analysts have said a drawn-out strike by key personnel will add to challenges for Samsung, the world's biggest memory chipmaker, which is struggling to navigate competition in semiconductors used for artificial intelligence.

Samsung has said the strike has caused no disruption to chip production.

(Reporting by Ju-min Park and Joyce Lee; Editing by Muralikumar Anantharaman)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Beyond The Numbers: 4 Analysts Discuss Alarm.com Holdings Stock
Beyond The Numbers: 4 Analysts Discuss Alarm.com Holdings Stock
Nov 5, 2024
4 analysts have shared their evaluations of Alarm.com Holdings ( ALRM ) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2...
Where Lattice Semiconductor Stands With Analysts
Where Lattice Semiconductor Stands With Analysts
Nov 5, 2024
During the last three months, 8 analysts shared their evaluations of Lattice Semiconductor ( LSCC ) , revealing diverse outlooks from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4...
Breaking Down Qualcomm: 5 Analysts Share Their Views
Breaking Down Qualcomm: 5 Analysts Share Their Views
Nov 5, 2024
During the last three months, 5 analysts shared their evaluations of Qualcomm ( QCOM ) , revealing diverse outlooks from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0...
What 5 Analyst Ratings Have To Say About Hackett Group
What 5 Analyst Ratings Have To Say About Hackett Group
Nov 5, 2024
Across the recent three months, 5 analysts have shared their insights on Hackett Group ( HCKT ) , expressing a variety of opinions spanning from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent...
Copyright 2023-2026 - www.financetom.com All Rights Reserved