Samsung Electronics’ labour union said on Wednesday it would suspend plans for a strike that had threatened significant disruption to the world’s memory chip supplies, after reaching a last-minute deal with the company over wages and bonuses.
The union said it would suspend strike plans while it puts the tentative deal to a vote from 22 to 27 May.
The two parties reached the potential agreement after the South Korean government stepped in to conduct mediation over issues such as bonus caps, amid soaring profits at the company’s memory division fuelled by memory shortages due to the worldwide rush to construct AI data centres.
Image credit: Intel
Major action
