Samsung Biologics Asks Union to Delay Wage Talks by 2 Weeks
Samsung Biologics, a South Korean contract drugmaker, has asked its labor union to push back wage and collective bargaining talks that were scheduled to start on Nov. 3 by two weeks . The union rejected the idea and said it would go ahead with the industrial action it had already planned. Why the company wants a pause Samsung Biologics makes biologic drugs on behalf of other pharmaceutical companies. The two sides agreed on Oct. 28 to resume talks in the first week of November. The company says that on Oct. 30 the union demanded, in an official letter, that the company's lead negotiator be removed and replaced. It also says the union kept up pressure by preparing a strike and turning to its umbrella labor federation while talks were being arranged. The company said holding talks under those conditions would further damage trust, and proposed a two-week cooling-off period. It added that it was ready to resume talks during the two weeks if the union stopped its pressure and reque...