Samsung deal ignites bonus pressure across industries
The last-minute agreement between Samsung Electronics and its labor union may have averted a potentially crippling strike at the world’s largest memory chipmaker, but could set off a new wave of labor demands across Korea’s major corporate sector.
The tentative wage deal, which was reached less than an hour before an industrial action was due to begin on Thursday, includes a provision to allocate a fixed portion of Samsung Electronics’ chip performance toward employee bonuses.
Analysts warn that
- Samsung Reaches Tentative Deal With Union Bloomberg —
- Samsung reaches 11th-hour deal with union to avoid strike The Japan Times —
- Samsung union halts planned strike after reaching tentative deal 📹 Reuters — · 1min
- Tide is high for deal Korea Times —
- Samsung Electronics shares rallies 6% after union suspends strike following tentative wage deal CNBC —