Samsung Biologics workers launch first-ever strike over pay dispute
Synopsis
Key Takeaways
Samsung Biologics workers launched a five-day general strike on 1 May 2025, marking the first labour walkout in the South Korean biotech firm's history since its establishment in 2011. The strike, led by the company's union, centres on demands for higher wages and expanded performance-based compensation, putting at risk an estimated 640 billion won (US$433 million) in potential losses — roughly half of the firm's first-quarter sales of 1.26 trillion won.
What Workers Are Demanding
The union is seeking a 14 percent increase in both base and performance-related pay, a one-off cash incentive of 30 million won per worker, and bonuses equivalent to 20 percent of annual operating profit. The company, however, has countered with a combined 6.2 percent increase in base and performance pay — a figure the union has rejected as inadequate.
Notably, the two sides have held 13 rounds of talks between December and March without bridging the gap. Government mediation efforts also broke down prior to the strike being called, according to the union's statement.
Management's Response and Legal Moves
Samsung Biologics President and Chief Executive Officer John Rim issued a message to employees on Friday urging them to carefully weigh their decision to participate, warning of