Samsung Electronics Union Strike Talks Fail to Yield Results

Samsung Electronics and its largest workers' union in South Korea failed to reach an agreement during recent strike talks. The union, which has been on an indefinite strike over pay and benefits, insists the gap between the sides remains too wide. Further negotiations are planned for late July.

Samsung Electronics and representatives of its biggest workers' union in South Korea met Tuesday, but the talks ended without results, confirmed the union. The union has been striking indefinitely over pay and benefits since earlier this month.

Lee Hyun-kuk, vice president of the National Samsung Electronics Union, which represents roughly 30,000 of the company's South Korean workers, stated that the gap between both sides is too wide for an agreement. The union called on Samsung to present a fresh offer by July 29 and plans to hold final talks through July 31.

Analysts say a prolonged strike by critical personnel will add to Samsung's challenges as it faces competition in the semiconductor market. Samsung claims the strike has not disrupted chip production.

(With inputs from agencies.)