Samsung workers protest for higher pay, threaten to strike

Thousands of Samsung Electronics' workers have rallied at its computer chip making complex in Pyeongtaek, South Korea, demanding higher bonuses and threatening to strike as the boom in artificial intelligence drives up memory-chip profits.

Samsung’s union, which represents about 74,000 workers, says the company has failed to offer adequate pay in line with its strong performance.

It rejected the company's proposal for bonuses of restricted stock and called to remove caps on bonuses.

The union has threatened to stage an 18-day walkout starting May 21 if negotiations with management fail.

It says such an action would cost the company more than 1 trillion won ($676 million) a day.