Samsung Biologics union continues first general strike, demands higher wages and performance-based pay

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Samsung Biologics union continues first general strike, demands higher wages and performance-based pay

Headquarters of Samsung Biologics in Incheon on May 4 [NEWS1]

Headquarters of Samsung Biologics in Incheon on May 4 [NEWS1]

 
Unionized workers at Samsung Biologics, the biotech arm of Samsung, continued their first general strike for a fifth day on Tuesday, demanding higher wages and expanded performance-based compensation.
 
The walkout began on Friday, with about 2,800 members out of the union's 4,000 members participating, according to the union.
 

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It marks the first strike since the company's establishment in 2011.
 
After finishing the five-day strike, the union plans to shift to a work-to-rule campaign on Wednesday.
 
The unionized workers are demanding a 14 percent increase in base pay and performance-related pay, a one-time cash incentive of 30 million won ($20,360) per worker and bonuses equivalent to 20 percent of annual operating profit.
 
The company has proposed a combined 6.2 percent increase in base and performance pay.
 
The two sides resumed talks on Monday but failed to reach an agreement.
 
They plan to hold two more meetings later this week to narrow their differences.
 
The unionized workers staged a three-day partial strike last month, which the company said caused at least 150 billion won in losses.

Yonhap
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