Economy · Planned · 5 sources combined
Samsung BioLogics labor talks resume
Strike threatened if negotiations fail
In short
Samsung BioLogics management and union restarted negotiations on November 3rd.
The union designated this round as 'final negotiations' and announced a strike if talks break down.
Since December last year, both sides have failed to narrow differences over wages and personnel systems.
Key facts
| When | Negotiations resumed on November 3rd, with all schedules that week cleared. |
|---|---|
| Who | Samsung BioLogics and the Mutual Growth Labor Union are the negotiating parties. |
| What | They have disagreed for nearly a year on wage increases and personnel system improvements. |
| How | If negotiations fail, the union plans sequential strikes and considers joining the Korean Confederation of Trade Unions. |
What it means for me
Samsung BioLogics employees and partner companies may experience changes to production schedules based on negotiation outcomes.
Biotech industry workers should monitor the strike possibility depending on negotiation results.
