Samsung Electronics management, labor union hold mediation talks for 2nd day

The labor union and management at Samsung Electronics held negotiations for the second day on Tuesday to try to narrow differences over performance-based bonuses. The talks are seen as a last-ditch effort to avert a general strike planned for later this month. The second round of government-led mediation talks began at 10 a.m. at the National Labor Relations Commission office in the administrative city of Sejong, after the two sides failed to reach an agreement despite more than 11 hours of talks Monday. Samsung's labor union is demanding performance-based bonuses equivalent to 15 percent of operating profit, along with the removal of the payout cap and the formal institutionalization of the bonus system. The union earlier announced plans to stage a general strike starting May 21 if its demands are not met. "We are working to produce satisfactory results for union members. We will do our best whether the talks end in a compromise or break down," Choi Seung-ho, head of Samsung Electronics' largest labor union, told reporters ahead of the meeting. Samsung Electronics Vice President Kim HyunWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times