Samsung Biologics strike enters 5th day, ₩640bn damage feared
Synopsis
Key Takeaways
Unionised workers at Samsung Biologics, the biotech arm of Samsung Group, continued their first-ever general strike into a fifth consecutive day on Tuesday, 5 May, with both sides failing to reach an agreement despite resuming talks the previous day. The walkout, which began on Friday, marks the first strike since the company's establishment in 2011, according to Yonhap news agency.
Scale of the Walkout
Approximately 2,800 of the union's 4,000 members have participated in the collective action, according to the company's labour union. The five-day general strike is set to conclude on Tuesday, after which the union plans to shift to a work-to-rule campaign beginning Wednesday — a tactic that involves employees performing only the bare minimum required by their contracts, without any voluntary overtime or extra effort.
What Workers Are Demanding
The unionised workers are pressing for a 14 percent increase in base pay and performance-related pay, a one-time cash incentive of ₩30 million (approximately US$20,390) per worker, and bonuses equivalent to 20 percent of the company's annual operating profit. In contrast, Samsung Biologics has proposed a combined 6.2 percent increase in base and performance pay — a figure the union has rejected as inadequate.
Talks Stall, Damage Mounts
The two sides resumed negotiations on Monday but failed to bridge their differences. They are scheduled to hold two more meetings later this week in a bid to narrow the gap. Notably, during the first arbitration meeting held last week, the labour union reportedly demanded that the company replace all of its bargaining committee members as a prerequisite for resuming formal talks — a condition the company described as unreasonable.
This comes after unionised workers staged a three-day partial strike last month, which the company said caused losses of at least ₩150 billion (approximately US$101.5 million). The company now claims the ongoing walkout could cause at least ₩640 billion in damage — roughly equivalent to half of the company's first-quarter sales.
Company's Position
A company source stated,