Samsung Shares Jump After High-Stakes Labor Talks Resume
Samsung’s sharp rebound on Monday shows “there is a clear need for both sides to reach an agreement,” said Tom Kang, director at Counterpoint Research. Both sides have relatively little experience because Samsung historically doesn’t have a strong union culture. “The gap may seem large, but the issues are workable,” he said. “I believe the differences can be resolved without a strike.”
Over the weekend, Prime Minister Kim Min-Seok urged both sides to resolve their differences through dialog. Samsung’s Executive Chairman Jay Y. Lee also made a rare public overture, describing union members as “one family.” In a concession, Samsung accepted a union request to replace its lead negotiator with the head of the chip division’s people’s team.
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Counterpoint Research is a global industry and market research firm providing market data, intelligence, thought leadership and consulting across the technology ecosystem. We advise a diverse range of global clients spanning the supply chain – from chipmakers, component suppliers, manufacturers and software and application developers to service providers, channel players and investors. Our veteran team of analysts serve these clients through our offices located across the key innovation hubs, manufacturing clusters and commercial centers globally. Our analysts consistently engage with C-suite through to strategy, market intelligence, supply chain, R&D, product management, marketing, sales and others across the organization. Counterpoint’s key coverage areas: AI, Automotive, Cloud, Connectivity, Consumer Electronics, Displays, eSIM, IoT, Location Platforms, Macroeconomics, Manufacturing, Networks & Infra, Semiconductors, Smartphones and Wearables.