Audio By Carbonatix
South Korean contract drug manufacturer Samsung Biologics estimated a strike by its labour union over pay that started late last month has cost the company about 150 billion won ($101.90 million).
The estimate reflected the financial impact of a "partial disruption to overall line production," the company said in an email sent to Reuters.
Samsung Biologics added that "the precise financial impact cannot be quantified at this time, as the company is continuously applying all applicable measures to minimise impact."
A total of 2,861 employees, about half of the workforce, have been striking since April 28, according to the union's website.
The management offered a 6.2% hike, according to the company. Both sides will resume talks on Monday, Yonhap News Agency reported.
Reuters could not immediately reach a representative of Samsung Biologics' union for comment.
The labour dispute could slow Samsung's efforts to win new orders and disrupt a review of whether to build a sixth plant, according to a note by Shinyoung Securities.
Clients, attracted by Samsung's on-time, low-cost delivery, could turn to rivals in Europe and the United States, the note said.
Latest Stories
-
Stonebwoy makes history at OVO Arena Wembley with monumental BHIM Festival
32 minutes -
Qatar denies capturing three Iranian pilots after downing fighter jets
43 minutes -
Tano North chiefs petition Mahama over galamsey destruction in River Tano
1 hour -
Kalpohin SHS, NOBISCO qualify to represent Northern Region at National Public Speaking Competition
1 hour -
Missing records of illegal gold purchases in Ghana raise concern – Duncan-Williams
2 hours -
Duncan-Williams warns of powerful interests targeting GoldBod
2 hours -
We need to pray for GoldBod – Duncan-Williams
2 hours -
Strong favourites or tougher task – will Arsenal defend their title?
3 hours -
Passengers escape death as VIP travelling from Kumasi to Sunyani catches fire
3 hours -
Ariana Grande leaves problems at home as her tour hits the UK
3 hours -
Multiple suspects at large after five shot at Virginia State University, police say
3 hours -
Three killed as Russia launches fresh aerial attacks across Ukraine
4 hours -
Boxing: John Laryea disqualified in WBA Featherweight title eliminator
4 hours -
Hawaii battles strong winds and rain as Hurricane Lala threat looms
4 hours -
Twelve killed as Polish bus veers off Hungarian motorway
5 hours