'Samsung Display Facing Strike Crisis, President Choi Ju-seon Meets with Union Chairman'
[Asia Economy Reporter Jeong Hyunjin] The CEO and the union chairman of Samsung Display, which is on the verge of its first-ever strike due to a breakdown in wage negotiations, met on the 25th.
According to industry sources, Choi Juseon, CEO of Samsung Display, held a meeting in the afternoon with Kim Jeongran and Lee Changwan, co-chairmen of the Samsung Display union. This meeting was arranged after the company proposed it the previous day.
At the meeting, the union demanded that CEO Choi disclose a new negotiation proposal and related supporting data for wage negotiations, stating that the company had not presented a proper negotiation plan so far. It was also reported that the union protested against the company’s interference with union activities. The union explained that CEO Choi said he would instruct the company’s negotiation team to engage sincerely in the talks.
The Samsung Display union has been conducting wage negotiations with the company since early this year and declared the breakdown of wage negotiations last month, criticizing the company’s negotiation attitude. Subsequently, the union secured legal strike rights by obtaining over 90% support in a strike vote among members and receiving a 'mediation suspension' ruling from the Central Labor Relations Commission under the Ministry of Employment and Labor.
A union official stated, "We are still internally reviewing and preparing the timing and method of the strike," adding, "If the company presents a negotiation proposal and shows willingness to negotiate, we are willing to engage in dialogue."
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The union is demanding a basic wage increase rate of 6.8%, the actualization of hazard pay, and improved treatment for employees on overseas business trips. On the other hand, the company maintains that anything beyond the basic increase rate of 4.5%, agreed upon with the labor-management council, is impossible. The Samsung Display union was established under the Federation of Korean Trade Unions in February last year and currently has about 2,400 members, exceeding 10% of the total employees.
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