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

  • Expect Fed to gradually hike rates over next 3 years: Yellen

    Economic CTV News
    WASHINGTON -- Federal Reserve Chair Janet Yellen says she expects the Fed to raise its benchmark interest rate several times a year through 2019, as it moves closer toward to its economic goals of maximum employment and stable inflation. Source
  • U.S. Labor Department sues JPMorgan over sexual discrimination

    Economic CTV News
    NEW YORK -- The U.S. Department of Labor is suing JPMorgan Chase & Co. for discriminating against female workers. The federal agency said Wednesday that its review found that at least 93 female workers in an investment-bank division earned less than comparable men in the same jobs since at least May 2012. Source
  • Air Transat to test taxiing system that could cut emissions

    Economic CBC News
    Air Transat is planning to test and deploy a new system next year that would allow an aircraft to taxi from the runway to the gate without having to use a plane's engine, thereby cutting operating costs and greenhouse gas emissions. Source
  • Loonie down more than a cent after Poloz leaves door open to rate cut

    Economic CBC News
    The Canadian dollar was dragged down more than a full U.S. cent on Wednesday, following comments from the Bank of Canada that an interest rate cut "remains on the table" if conditions warrant. The loonie lost 1.16 U.S. Source
  • Bell Canada raising prices on home internet, TV in February

    Economic CBC News
    Bell Canada is increasing monthly prices for a number of its residential communications services, including home TV and internet packages, beginning in February. The increases will primarily affect customers in Ontario and Quebec. According to the Bell Canada website, the price increases are as follows: Source
  • Canadian Pacific Railway says Hunter Harrison stepping down immediately

    Economic CTV News
    CALGARY -- Canadian Pacific Railway Ltd. (TSX:CP) says that Hunter Harrison will step down as CEO immediately instead of leaving in July as announced last summer. The company said after markets closed that current president and chief operating officer Keith Creel will become CEO effective Jan. Source
  • U.S. sues Oracle, says it pays white men more than others

    Economic CTV News
    NEW YORK -- The Labor Department is suing Oracle, claiming that the technology giant pays white male workers more than their non-white and female counterparts with the same job titles. The lawsuit also says that the company has a systemic practice of favouring Asian workers in its recruiting and hiring practices for product development and other technical roles, which results in hiring discrimination against non-Asian applicants. Source
  • American Airlines to sell restricted 'basic economy' ticket

    Economic CTV News
    DALLAS -- The evolution of a caste system in the economy cabin of jetliners is deepening, with passengers divided and treated differently based on how much they are willing to pay the airline. American Airlines announced Wednesday that passengers will be able to buy "basic economy" tickets starting next month that will be similar to bare-bones fares already offered by Delta Air Lines and soon to be matched by United Airlines. Source
  • Credit Suisse to pay US$5.3B over mortgage-backed securities

    Economic CTV News
    NEW YORK -- Credit Suisse has agreed to pay US$5.3 billion to settle claims that it misled investors about the quality of mortgage-backed securities that it sold in the lead-up to the 2008 financial crisis. Source
  • U.S. Federal Reserve sees growth pickup at end of last year

    Economic CTV News
    WASHINGTON -- The U.S. economy grew a bit faster at the end of last year, spurred by healthier sales for manufacturers and steady hiring that is slowly pushing up wages. The Federal Reserve said Wednesday that its survey of economic conditions around the country found that growth was modest or moderate in 10 of its 12 districts. Source