Seoul: Unionized workers of Samsung Electronics Co. met Monday with Samsung Electronics Vice Chairman and Chief Executive Officer (CEO) Jun Young-hyun ahead of a planned strike in May over bonuses, the labor union said.

According to Yonhap News Agency, the workers had initially planned to hold a press conference near the residence of Samsung Electronics Chairman Lee Jae-yong in Seoul on Monday to announce their collective action. However, the union later decided to cancel the event after the company’s management suggested a meeting with Jun.

During the morning meeting, the co-CEO acknowledged the workers’ concerns and stated that the company would review the union’s demands. Jun, who oversees the crucial chip business, emphasized the need to consider various options for distributing bonuses among different business units and expressed openness to additional talks in the near future if required.

The union has been demanding the removal of a cap on bonuses, a 7 percent wage hike, and greater transparency in calculating performance-based bonuses. Last week, the union reported that 93.1 percent of its members supported the strike plan in a vote. The union comprises around 90,000 members.