The chairman of Samsung Electronics has appealed to unionised workers to settle their wage dispute with management, cautioning that a planned strike could negatively affect employees, investors, and South Korea’s economy.
In a memo addressed to staff on Tuesday, Shin Je-yoon voiced concerns about the company’s ability to maintain its global edge, warning that production disruptions could lead to lost customers and declining competitiveness.
He noted that prolonged industrial action at the semiconductor giant could also trigger broader economic problems, including capital flight, reduced tax revenue, and pressure on the South Korean won.
Shin urged both sides to pursue meaningful dialogue to prevent the dispute from escalating, stressing that a peaceful resolution was necessary.
The warning follows threats by Samsung unions to embark on industrial action over demands for improved bonuses, with plans for a strike lasting up to 18 days from May 21.
The development comes amid rising labour tensions across the global technology industry, where semiconductor production remains crucial to supply chain stability and economic growth.
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