Samsung Electronics Co.'s unionized workers voted to approve a wage agreement, the union said Wednesday. This photo, taken Wednesday, shows Samsung headquarters in Suwon. Photo by Yonhap
Samsung Electronics Co.'s unionized workers voted to approve a wage agreement that includes a substantial bonus package for chip workers, the union said Wednesday, easing concerns over potential disruptions to the global supply chain.
In the six-day vote, 73.7 percent of the 62,616 members of the tech giant's two largest unions approved the tentative deal. The agreement was finalized after a majority of eligible voters took part in the vote and a majority voted in favor of the proposal.
Later in the day, the two sides signed the wage agreement, with management pledging to strengthen the company's global competitiveness.
"Starting with the conclusion of this wage agreement, labor and management will work together as one to strengthen our global competitiveness," Yeo Myeong-gu, head of the company's Device Solutions division's People Team, said in a press release.
