Samsung Electronics, S. Korean labor union fail to reach pay deal, strike looms

SEOUL: Samsung Electronics and its South Korean labor union failed to reach a pay deal on Wednesday, its union leader said, expecting over 50,000 workers would go ahead with a full strike that threatens to disrupt production of AI and other chips.

The impasse followed hours of marathon talks on Monday and Tuesday under a government-mediated process, as pressure from the public and the government mounted on Samsung workers to ‌compromise on the ⁠pay ⁠deal and avert a strike.