Samsung Electronics and striking union to resume talks on Friday

JUNG YEON-JE/ AFP

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

They plan to meet and set a firm negotiation schedule, Son Woo-mok, president of the National Samsung Electronics Union whose roughly 30,000 members make up almost a quarter of the company's South Korean workforce, told a YouTube live broadcast.

The union has been on an indefinite strike over pay and benefits.

Samsung said in a statement it hopes that the strike will be resolved as soon as possible, and confirmed it has proposed an unconditional resumption of dialogue.

Analysts have said a drawn-out strike by key personnel will add to challenges for Samsung, the world's biggest memory chipmaker, which is struggling to navigate competition in semiconductors used for artificial intelligence.

Samsung has said the strike has caused no disruption to chip production.

More from Business News

On Virgin Radio today

Trending on Virgin Radio

  • Bassem Youssef

    One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...

  • ARN News Centre

    Get the latest UAE and world news from our award winning team of journalists. The ARN News Centre is the country's most trusted source of information.

  • Ed Sheeran - UAE EXCLUSIVE

    Latest album, what happened with BTS, raising a baby girl, eye surgery, and more!

  • Mais Vault on the Kris Fade Show!

    The boys tried their 'pick up' lines on Mais Vault and things did not go according to plan...