Samsung labour union members will vote on a tentative wage deal this week. This agreement averted a major strike at the South Korean chip giant. The provisional deal was reached following government-mediated talks. The semiconductor division will receive a new bonus pool equivalent to 10.5% of operating profit. This is paid in stock.

Samsung Electronics and its labor union are in crucial government-led talks. The aim is to resolve a dispute over pay and bonuses. A strike by 45,000 workers could disrupt global…

While crisis has put South Korea on edge, government threatened to order arbitration

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.

All eyes are on the Saturday vote.

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