Samsung Electronics and union hold last-ditch talks to avert strike threatening global supply chains
Samsung Electronics is in urgent negotiations with its largest labor union to prevent a potential strike that could disrupt global semiconductor supply chains. The union, representing up to 50,000 workers, is demanding significant changes to performance bonuses and wage transparency. If the strike occurs, it could cost Samsung approximately $670 million per day in lost production.
- ▪Samsung Electronics is facing a potential 18-day strike starting May 21.
- ▪The union is demanding that 15% of operating profit be reserved for performance bonuses.
- ▪If the strike occurs, it could result in losses of around ₩1 trillion, or $670 million, each day.
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<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/05/18034603/chip-giant-samsung-union-hold-last-ditch-talks-to-avert-stri-1-800x420.jpeg" alt="Samsung Electronics and union hold last-ditch talks to avert strike threatening global supply chains" class="w-full aspect-[19/10] object-cover" /> Samsung Electronics and union hold last-ditch talks to avert strike threatening global supply chains An 18-day walkout by up to 50,000 chip workers could cost Samsung $670 million a day and send shockwaves through the global semiconductor market. Share Add us on Google by Editorial Team May. 18, 2026 Samsung Electronics and its largest labor union are sitting across the table from each other in a dispute with global consequences.
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