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The Economic Times
The Economic Times

Samsung's South Korean union sticks to strike plan after talks offer; shares slide

Samsung Electronics' South Korean labour union said on Friday it remained committed to a planned strike starting next week, even after the company proposed resuming pay talks without conditions, sending shares down as much as 5.9%.

Government-mediated negotiations between the union and the company over pay and bonus schemes collapsed this week, heightening concerns about a strike at the world's biggest memory chipmaker.

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