Samsung has swerved a planned South Korean factory strike with a last-minute deal, so the memory machine rumbles on
Samsung Electronics has reached a last-minute agreement with its labor union, averting a planned 18-day strike. The union had previously demanded 15% of annual operating profits for employee bonuses and the removal of a salary cap on performance pay. The details of the new proposal are yet to be revealed, but the union has agreed to suspend the strike pending an internal vote.
- Entities
- Company: SK Hynix
- Topic: Labor Relations
- Topic: Semiconductors
- Company: Samsung Electronics
- Topic: Employee Bonuses
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