Samsung Electronics Set to Resume Talks Amid Workers' Strike

Samsung Electronics and its largest workers' union in South Korea have agreed to restart negotiations amidst an ongoing strike over pay and benefits. The union, representing nearly a quarter of Samsung's local workforce, seeks a firm negotiation schedule while analysts warn of potential challenges for the tech giant.

Samsung Electronics and representatives of its biggest workers' union in South Korea, which has been on strike since early last week, have agreed to resume negotiations on Friday, both parties confirmed.

Son Woo-mok, president of the National Samsung Electronics Union, announced on a YouTube live broadcast that a meeting will be held Friday to set a firm negotiation schedule. The union, consisting of roughly 30,000 members, accounts for almost a quarter of Samsung's South Korean workforce.

The strike, initiated over pay and benefits, has been indefinite. In a statement, Samsung expressed hope for a swift resolution and confirmed its proposal for an unconditional resumption of dialogue. Analysts warn that an extended strike could pose significant challenges for Samsung, particularly as competition in semiconductors for AI heats up. However, Samsung has reported no disruptions to chip production due to the strike.

(With inputs from agencies.)