Members of the National Samsung Electronics Labor Union chant slogans at a rally for victory in the general strike held in Giheung-gu, Yongin, Gyeonggi, in 2024 at Samsung Semicon Sporex./Courtesy of News1

Jun Young-hyun, Samsung Electronics CEO (vice chairman) and head of the DS (semiconductor) institutional sector, met with union leaders on the 23rd and proposed to "resume negotiations." In response, the Samsung Electronics union Joint Struggle Headquarters (hereafter the Struggle Headquarters) said that to resume negotiations, "abolishing the cap on performance bonuses" and "making performance bonuses transparent" must come first.

According to the Struggle Headquarters, Vice Chairman Jun met with four union leaders that morning and held a meeting for about 1 hour and 30 minutes. The Struggle Headquarters is a coalition formed by the Samsung Group supra-enterprise labor union Samsung Electronics chapter (supra-enterprise union), the National Samsung Electronics Labor Union (Jeonsamno), and the Samsung Electronics Donghaeng Union. This meeting was arranged after, on the 19th, Jeonsamno announced it would hold a "press conference declaring the start of industrial action condemning the incompetent management" in front of Chairman Lee's residence that day, and management proposed a meeting with Vice Chairman Jun. Jeonsamno canceled the press conference on the 20th, the day after announcing the schedule.

The Struggle Headquarters said, "Vice Chairman Jun said he is aware of current employee grievances and arranged a dialogue with the labor union to resolve them," and "also conveyed the intention that it would be good for labor and management to resume negotiations and discuss." The proposal was to discuss specific details, including key demands, at the bargaining table.

However, regarding this management proposal, the Struggle Headquarters said, "We made it clear that, as a precondition for resuming negotiations, the abolition of the cap on OPI (excess profit performance bonuses) and the transparency of performance bonuses must come first." It added, "Vice Chairman Jun said he would review the union's position and noted that various considerations are needed on how to allocate among DS institutional sector business divisions," and "(Vice Chairman Jun) also indicated that, if necessary, we should meet again in the short term to talk, and if negotiations resume, we will notify union members."

The Struggle Headquarters secured a majority in a strike action vote on the 18th. Accordingly, it said it would hold a rally on Apr. 23 and begin a general strike starting in May.

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