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Article

13 Sep 2021

Author:
Kim Tae-Yun & Yoon So-yeon, Korea JoongAng Daily

So. Korea: Samsung Electronics begins 'first-ever' wage negotiations with trade unions

"Samsung Electronics talks with unions for 1st time", 13 September 2021

Samsung Electronics began its first-ever wage negotiations with unionized labor Monday, a month after the company signed its first official agreement with labor unions in 52 years...

According to Samsung Electronics, the negotiations began...on salary raises and benefits for 2022. Four unions — the Samsung Electronics Office Workers’ Labor Union, Samsung Electronics U.S. Labor Union, Samsung Electronics Labor Union and National Samsung Electronics Labor Union — are expected to be at the negotiating table.

But the National Samsung Electronics Labor Union, the biggest of all Samsung unions, wants to hold separate negotiations and has asked the Ministry of Employment and Labor if it can do so.

The National Samsung Electronics Labor Union requested a separate deal with the company even for the agreement that was signed last month. However, the labor ministry ordered that it come to that bargaining table with the other unions.

Current negotiations are expected to be rocky, as rival companies have settled for salary increases higher than that set by the Samsung Electronics’ labor-management council earlier this year...

“We will first set down the rules and schedules for the negotiations then start the bargaining process after the Chuseok holidays,” said an official from Samsung Electronics.

In July, Samsung Display came to a 4.5 percent raise agreement for all employees. It was the first of all Samsung companies to negotiate with its labor union. The deal was struck after nine meetings over the course of five months.

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