2 weeks ago
They had grounded to scope an statement regarding worker bonuses.
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Nearly 48,000 Samsung workers successful South Korea, which dress up 38 percent of nan company's workforce successful nan country, are planning to locomotion out connected May 21 for an 18-day strike. The institution and its largest labour national had been successful negotiations, and union leader Choi Seung-ho said his statement had accepted nan last connection presented by a authorities mediator. However, nan onslaught is still pushing done aft nan parties grounded to scope an statement connected 1 important issue: Bonuses.
The national is asking Samsung to region nan headdress connected workers' bonuses, which is balanced to 50 percent of their yearly salaries. Further, it's pushing for Samsung to allocate 15 percent of its yearly operating profit to worker bonuses. Samsung is presently nan world's largest DRAM shaper by gross and has precocious been posting grounds revenues and profits, mostly acknowledgment to its representation business. For nan first 4th of 2026, nan section that includes its representation business posted KRW 53.7 trillion ($35.63 billion) in operating profit. That's astir of nan company's full operating profit of KRW 57.2 ($37.96 billion) trillion for nan quarter.
Most of nan workers going connected onslaught beryllium to nan company's representation section and stand to gain monolithic bonuses worthy millions of dollars if Samsung agrees to nan union's demands. However, nan institution called nan union's position "unacceptable" and said successful a statement that nan logic an statement couldn't beryllium reached was because "accepting the labour union's excessive demands would undermine nan basal principles of institution management." The national based on that workers astatine Samsung rival SK Hynix received bonuses 3 times higher than they did past year.
Even though nan national will push done pinch nan strike, Samsung was capable to person nan tribunal to assistance it an injunction. The tribunal has required nan national to make 7,087 workers study to activity during nan onslaught to support immoderate of its production accommodation running. That said, nan business could still alteration earlier Thursday. Samsung said that it "will not springiness up connected speech until nan past moment" and that "there must beryllium nary strikes nether immoderate circumstances." South Korean labour commissioner Park Soo-keun said nan authorities is fresh to mediate anytime if nan parties determine to spell backmost to nan negotiating table.
