South Korean electronics giant Samsung Electronics and its workers' union resumed talks Wednesday with the country's labor minister mediating, in what was a last-ditch attempt to avert a major strike.
The labor union at the world's top memory chipmaker had said it would begin a strike on Thursday after talks over bonuses broke down, raising concerns about potential disruption to semiconductor production.
The walkout was expected to dwarf a 2024 strike that drew about 6,000 workers, as anger flares among staff over how the company distributes its massive profits from an artificial intelligence-fuelled boom.
But negotiations between management and the union mediated by the labor minister would resume on Wednesday afternoon, the ministry said.
Samsung reported a roughly 750% annual jump in first-quarter operating profit while its market capitalization topped $1 trillion for the first time in May.
