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[mdtoday = Reporter Shin Hyun-jung] Samsung Electronics said it will activate a response system to minimize production disruptions ahead of a union-led general strike scheduled for next month. As labor-management tensions escalate, the company said it will seek to prevent operational gaps within the bounds of the law.
Park Soon-chul, vice president and chief financial officer (CFO) of Samsung Electronics, told investors at an investor relations briefing on the company’s first-quarter results, “Should a strike proceed, we will respond thoroughly within the bounds of the law by deploying dedicated teams and response systems to prevent any production disruption.”
On labor relations, Park said, “We are addressing current labor-management issues in good faith, in accordance with laws and procedures,” and added, “We will prioritize dialogue with the union to seek an amicable solution.” His remarks were interpreted as signaling a preference for negotiation over more forceful measures such as a strike.
He stressed that nothing has been finalized regarding the reserve for bonuses. “This matter is currently under discussion with the union, and the specific payout amount has not been decided,” Park said. “It was not reflected in first-quarter results, and we will determine the reserve amount in the second quarter based on the outcome of negotiations.”
The Samsung Electronics union’s Joint Struggle Headquarters is demanding performance bonuses equal to 15% of operating profit, without an upper limit. Citing stalled talks with management, the union has warned of a general strike from May 21 to June 7.
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