Samsung Electronics' unionized workers to resume talks with management

Unionized workers at Samsung Electronics said Tuesday they have agreed to resume talks with management ahead of a planned strike in May over bonuses. "We had a labor-management meeting at 2 p.m., and management expressed its willingness to discuss removing the cap on performance-based bonuses and other issues," a joint board of three labor unions, including the National Samsung Electronics Union (NSEU), said in a statement. "Accordingly, we have decided to resume negotiations," it added. The two sides will hold full-scale negotiations on Thursday and Friday following a working-level meeting on Wednesday. The announcement came a day after the joint union body held discussions with Vice Chairman and Chief Executive Officer (CEO) Jun Young-hyun. Last week, the unions said 93.1 percent of their members supported the strike plan in a vote. The three unions have around 90,000 members. The unionized workers have been demanding that management remove a cap on bonuses and grant a 7 percent wage hike, along with greater transparency in calculating performance-based bonuses.