Samsung narrowly avoids 18-day chip strike after last-minute wage deal with 48,000-worker union — tentative deal, subject to workers' vote, suspends billions of dollars worth of potential losses
Samsung Electronics has reached a last-minute tentative wage agreement with its labor union, avoiding an 18-day strike at its South Korean chip operations. The deal, which is subject to a vote by the union's 48,000 members, comes just hours before a planned walkout. If approved, the agreement will formalize terms that have not been fully disclosed, but which center around performance bonuses and profit-sharing.
- ▪Samsung narrowly avoided an 18-day strike by reaching a tentative wage agreement with its labor union.
- ▪The union, representing nearly 48,000 members, will vote on the deal from May 22 to May 27.
- ▪The agreement follows months of escalating labor unrest and dissatisfaction among workers regarding bonus structures.
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Tech Industry Big Tech Samsung narrowly avoids 18-day chip strike after last-minute wage deal with 48,000-worker union — tentative deal, subject to workers' vote, suspends billions of dollars worth of potential losses News By Etiido Uko published 20 May 2026 Deal struck just hours before planned action When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. (Image credit: Getty / Bloomberg) Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter Samsung Electronics has narrowly avoided an 18-day strike at its South Korean chip operations after reaching a last-minute tentative wage agreement with its labor…
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