Samsung Electronics has reached a tentative agreement with unions, granting semiconductor employees average bonuses of $338,000, avoiding an 18-day planned strike.
Planned action comes amid painful supply crunch in memory chips
Union to put tentative pay agreement struck with management to a vote
Deal struck just hours before planned action
Workers at chipmaker to hold vote on 2026 wage deal starting Friday
Samsung Electronics workers plan a major strike on Thursday. Talks over bonus payments have stalled. This action could disrupt South Korea's economy and global chip supplies.…
Another round of negotiations led by South Korea's minister for labor and employment Kim Young-hoon resulted in a tentative agreement.
Samsung averted its first-ever chip division strike by agreeing to share 13% of operating profits with workers, avoiding $11.7B in potential losses.
The tentative deal, which involves 12% of profits being paid out as a bonus to employees over a 10-year period, will now go to a vote among over 70,000 union members at the Korean…
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.
Samsung Electronics is expected to accelerate its treasury share buyback to fund a special bonus for its chip employees under a tentative labor agreement reache
A planned 18-day strike by some 48,000 union members has now been suspended, while the agreement, which was mediated by the government, is put to a vote between May 22 and May 27
Samsung shares and the benchmark KOSPI both rocketed nearly 8 per cent higher in morning tradE. Read more at straitstimes.com. Read more at straitstimes.com.
Samsung Electronics' shares surged on Thursday after it clinched an 11th-hour deal with its South Korean union to avert a strike, although the terms which included bonuses of…
Samsung Electronics’ memory-chip employees could receive close to 600 million won ($398,900) each in combined incentives this year, while colleagues in loss-mak
A group of Samsung Electronics shareholders on Thursday vowed legal action against a tentative deal between the South Korean chip giant and its largest labour union that averted a…
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
Samsung Electronics' union suspended a planned strike after a tentative pay deal, but unresolved profit-sharing demands could reignite the dispute.
Samsung Electronics labour union suspends planned strike action after reaching 11th-hour deal over pay and bonuses