Samsung reaches partial agreement with sick workers

SEOUL, Korea, Republic Of - Samsung Electronics has reached a partial agreement on workplace safety with sickened workers and their families.

See Full Article

The South Korean company and Banolim, the main advocacy group for sick workers, signed an agreement Tuesday to establish an external committee that will enhance safety at Samsung.

Its mandate includes measures such as ensuring Samsung preserves information related to workers' health and conducting spot checks of chemicals used in its manufacturing.

Samsung and Banolim are still deadlocked over other areas, mainly compensation for Samsung workers who became seriously ill allegedly due to exposure to carcinogens at its chip and LCD factories.

More than 200 current or former Samsung workers suffering from grave illnesses have contacted Banolim.



Advertisements

Latest Economic News

  • Ford's ex-CEO leaves company with $51.1M US

    Economic CBC News
    Ford's former CEO Mark Fields is leaving the company with an estimated $51.1 million US in cash, stock awards and pension benefits. Fields, 56, retired earlier this week after three years as CEO. Ford made record profits during his tenure but its stock price dropped nearly 40 per cent on investors' concerns about the company's future. Source
  • Ford's ex-CEO leaves company with US$51.1 million

    Economic CTV News
    DETROIT -- Ford's former CEO Mark Fields is leaving the company with an estimated US$51.1 million in cash, stock awards and pension benefits. Fields, 56, retired earlier this week after three years as CEO. Source
  • Feds run $21.8B deficit in 16-17, putting them close to target: early analysis

    Economic CBC News
    A preliminary analysis of the federal books suggests the government ran a 2016-17 deficit of $21.8 billion to put the Liberals close to their projection for the fiscal year. The Trudeau government's spring budget projected a shortfall of $23 billion for the fiscal year, without counting a $3-billion risk adjustment added to the accounting framework. Source
  • U.S. GDP reading for start of year revised upward, but still weak

    Economic CBC News
    The U.S. economy started 2017 out with a whimper, but it wasn't quite as weak as first thought. The government revised up its January-March growth reading to a rate of 1.2 per cent — better than an earlier estimate of 0.7 per cent but well below President Donald Trump's ambitious growth targets. Source
  • BlackBerry expecting US$940 million in Qualcomm dispute resolution

    Economic CTV News
    WATERLOO, Ont. -- BlackBerry Ltd. (TSX:BB) says it will receive US$940 million from Qualcomm by May 31 to settle a dispute over royalty payments. An arbitrator sided with BlackBerry in April, and announced an interim award of US$814.9 million plus additional amounts for interest and legal fees. Source
  • World shares weaken ahead of G7 meeting; oil bottoms out

    Economic CTV News
    HONG KONG -- World stock markets weakened Friday as investors awaited the upcoming G-7 summit and oil prices rebounded somewhat as markets shook off initial disappointment over a production cut deal. KEEPING SCORE: European shares opened lower, with France's CAC 40 down 0.8 per cent to 5,297.13 and Germany's DAX lost 0.5 per cent to 12,561.85. Source
  • TSX slips, U.S. markets nearly flat ahead of holiday weekend

    Economic CTV News
    TORONTO -- North American stock markets were generally lower in late-morning trading, but only modestly. The S&P/TSX composite index fell 22.03 points to 15,388.70, after 90 minutes of trading. In New York, the Dow Jones industrial average lost 12.32 points to 21,070.63. Source
  • U.S. stocks slip as banks and technology companies decline

    Economic CTV News
    NEW YORK -- U.S. stocks are slightly lower Friday as technology companies, which have led the market's recent rally, take some losses. Video game companies are slipping as Wall Street was disappointed by forecasts from GameStop. Source
  • OPEC decision stabilizes oil prices, but for how long?

    Economic CBC News
    In one of the least surprising OPEC meetings in a while, members of the cartel of oil-exporting countries and their non-member allies agreed to extend oil production cuts on Thursday, which will support the price of oil and should continue to help pave the way for Alberta's economic recovery. Source
  • The case for BlackBerry at $45 US a share

    Economic CBC News
    BlackBerry Ltd. shares have been on a hot streak — rising more than 60 per cent in recent weeks — and one technology analyst thinks some of the company's new products have the potential to help push the stock to $45 US in three years. Source