Samsung Electronics workers’ union said late on Wednesday that a planned strike had been put on hold until further notice after negotiations with management resumed with the participation of South Korea’s labour minister.
The company’s management and workers’ union had resumed talks earlier in the day in a last-ditch attempt to avert a strike.
The labour 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.
But late on Wednesday, it said the planned strike “will be put off until further notice”, adding that it would put a tentative wage deal to a vote.
All members would participate in a vote on this year’s tentative wage agreement, which would take place between May 23 and May 28, the union said.
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