Samsungs union puts off strike after reaching last-minute wage deal with management
SEOUL, South Korea (AP) — Samsung Electronics’ labor union said Wednesday it’ll hold off on launching a planned strike and put a tentative wage deal with management to a vote, alleviating immediate concerns about the operation of the world’s largest memory chip maker. The announcement was made after a last-minute government-mediated negotiation with management over how much bonus payouts must be provided to employees to reflect soaring profits fueled by the global boom in artificial a...
Read MoreWed, 20 May 2026
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