Samsung strike threatens chip production. The company's South Korean labor union rejected unconditional pay talks and plans an 18-day walkout starting May 21, sending shares down 5.9%. Government-mediated negotiations over pay and bonuses collapsed this week. Analysts warn the strike could disrupt production at the world's largest memory chipmaker and damage Samsung's ability to meet customer commitments. The union, representing over 50,000 workers, is angry over bonus gaps compared to rival SK Hynix. South Korean officials including the prime minister have expressed serious concerns about economic impact, with potential costs reaching up to 20 billion dollars. JPMorgan warns production losses could exceed previous estimates. The company offered unconditional talks, but the union remains committed to striking unless Samsung presents detailed proposals by Friday.
Post from MarketNews_en
Log in to interact with content.