South Korea is looking to avoid a labour strike at the country’s biggest employer Samsung Electronics and to minimise any damage if one does occur, its prime minister said on Sunday. The labour union will resume pay talks on Monday with a government mediator.

“Just one day of suspension at Samsung’s semiconductor factory is expected to incur direct losses of as much as 1 trillion won ($667.68 million),” Prime Minister Kim Min-seok said after an emergency meeting with ministers on Sunday.