Samsung Electronics reached a tentative wage deal with its largest union, averting an 18-day strike that threatened memory-chip supply chains critical to AI and crypto.

Samsung Electronics management and its labour union resumed negotiations on Wednesday ahead of a threatened 18-day strike by nearly 48,000 workers starting Thursday.

Planned action comes amid painful supply crunch in memory chips

The labour union at South Korean chip giant Samsung Electronics said Wednesday it would launch a planned strike after talks over bonus payouts collapsed.

A planned strike at South Korean chip giant Samsung Electronics will go ahead from Thursday, its union said, after talks on bonus payouts collapsed, raising concerns over a…

Samsung faces an 18-day strike after failed wage negotiations, threatening global semiconductor supply and the South Korean economy.

South Korean electronics giant Samsung Electronics and its workers' union resumed talks Wednesday with the country's labor minister mediating, in...

Samsung Electronics' union plans to strike on May 21 after wage talks stalled, raising concerns about potential disruptions to the AI chip supply chain.

Union to put tentative pay agreement struck with management to a vote

In a last-minute reversal, Samsung Electronics Co. reached a tentative deal with its labour union, averting a crippling strike. Read here

Deal struck just hours before planned action

Samsung Electronics' shares surged over 6% after the tech giant and its union reached a tentative pay deal, averting a potential strike. The planned 18-day walkout by nearly…

Samsung averted its first-ever chip division strike by agreeing to share 13% of operating profits with workers, avoiding $11.7B in potential losses.

Samsung Electronics reached a tentative wage deal with its largest union, averting an 18-day strike that threatened memory-chip supply chains critical to AI and crypto.

Samsung Electronics' shares soared up to 6.5% after a tentative wage agreement with its South Korean union, averting a potential strike that could disrupt global chip supplies.

Samsung Electronics shares soared 8% after the company secured a deal with its Korean union, avoiding a potentially damaging strike.

The last-minute agreement between Samsung Electronics and its labor union may have averted a potentially crippling strike at the world’s largest memory chipmake

Benchmark KOSPI rises more than 8 percent following deal to avert strike at top memory chip maker.

Samsung Electronics labour union suspends planned strike action after reaching 11th-hour deal over pay and bonuses

Analysts warn the latest deal could become a benchmark for labour negotiations across industries. Read more at straitstimes.com. Read more at straitstimes.com.

Samsung Electronics shares surged 6.5% after a tentative wage deal averted a strike by nearly 48,000 workers that could have cost up to $2 billion per day.