Samsung Electronics (KS:005930), 7747.HK (2x)
Samsung shares slip amid labor strike talks
by Ayushman Ojha
Investing.com-- Samsung Electronics (KS:005930) shares fell on Tuesday as investors closely watched last-ditch negotiations between the company and its labor union aimed at averting a planned strike that could disrupt global semiconductor supply chains.
Shares in Samsung Electronics slipped more than 2% in Seoul trading to 279,500 won 03:12 GMT, underperforming the broader market.
Samsung management and labor representatives entered a second day of government-led mediation talks on Tuesday after more than 11 hours of negotiations failed to produce a breakthrough the previous day.
The union, which represents tens of thousands of workers, is demanding performance bonuses equal to 15% of operating profit, removal of bonus payout caps and formal guarantees on compensation structures, according to reports.
The group has threatened to launch an 18-day strike beginning May 21 if negotiations collapse.
The labor dispute comes as Samsung benefits from booming The company last month reported a sharp jump in first-quarter operating profit, from demand for high-end memory chips used in artificial intelligence applications.
Source: investing.com
https://www.investing.com/news/stock-ma ... ks-4678943
by Ayushman Ojha
Investing.com-- Samsung Electronics (KS:005930) shares fell on Tuesday as investors closely watched last-ditch negotiations between the company and its labor union aimed at averting a planned strike that could disrupt global semiconductor supply chains.
Shares in Samsung Electronics slipped more than 2% in Seoul trading to 279,500 won 03:12 GMT, underperforming the broader market.
Samsung management and labor representatives entered a second day of government-led mediation talks on Tuesday after more than 11 hours of negotiations failed to produce a breakthrough the previous day.
The union, which represents tens of thousands of workers, is demanding performance bonuses equal to 15% of operating profit, removal of bonus payout caps and formal guarantees on compensation structures, according to reports.
The group has threatened to launch an 18-day strike beginning May 21 if negotiations collapse.
The labor dispute comes as Samsung benefits from booming The company last month reported a sharp jump in first-quarter operating profit, from demand for high-end memory chips used in artificial intelligence applications.
Source: investing.com
https://www.investing.com/news/stock-ma ... ks-4678943