Samsung Electronics Board Chairman Shin Je-yoon has called on unionised workers to resolve ongoing pay disputes through dialogue, cautioning that a planned strike could cause serious damage to the company, its employees, investors, and the broader South Korean economy.
In an internal memo sent to staff on Tuesday, Shin expressed deep concern over the potential loss of market leadership, warning of fleeing customers and declining competitiveness if production and deliveries are disrupted at the semiconductor giant.
He highlighted wider economic risks, including capital outflows, lower national tax revenue, and weakening of the South Korean won. “It’s time to resolve the problem through sincere dialogue,” Shin said.
The appeal comes as unions threaten up to 18 days of industrial action starting May 21 in pursuit of higher bonuses, adding to labour tensions in the global semiconductor supply chain where production stability remains critical.
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