Next week the Samsung union will begin new negotiations with management.

Samsung Electronics employees are preparing for an 18‑day strike

*The planned nationwide protest on May 21 could deliver a serious blow not only to the company’s financial results and reputation but also to the entire South Korean economy. Therefore, next week a new round of negotiations with a mediator is scheduled.*

What Reuters reports
- New negotiation round: May 11–12.

- Participants: representatives of the Samsung union, company management, and an independent mediator (third party) tasked with helping reach a fair agreement.

- Quick recap: on Friday parties met with employees from South Korea’s Ministry of Labor. Officials expressed full support for further negotiations.

Current union demands
Position Essence Increase basic salary +7% Profit‑share bonus up to 15% annually
- At the previous stage Samsung offered a one‑time payment of only 13% of annual operating profit as a bonus.

- The union insists on securing the right to receive such a bonus annually, which has not yet been achieved.

What could happen next
If mediation next week does not bring about the desired changes, the union is ready to announce an 18‑day strike by Samsung Electronics employees. This event is already being viewed as a potential blow to the company’s financial position and South Korea’s economic stability.