Samsung Electronics and its South Korean labour union will resume government-mediated pay talks on Monday in an effort to avoid a strike planned for Thursday. The talks come after an earlier round of negotiations over wages and bonuses collapsed at the worlds largest memory chipmaker.

SEOUL, May 15 : Samsung Electronics' South Korean labour union said on Friday it remained committed to a planned strike starting next week, even after the company proposed…

Samsung Electronics shares fell 9% as its labor union pushed ahead with an 18-day strike amid stalled wage talks.

While crisis has put South Korea on edge, government threatened to order arbitration

Samsung Electronics management and its labour union resumed negotiations on Wednesday ahead of a threatened 18-day strike by nearly 48,000 workers starting Thursday.