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The Samsung pay deal is the moment Korean unions changed register

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Samsung’s 10.5%-of-profit bonus formula is only the second written profit-share agreement at a major Korean firm. Kakao’s union is already asking for more. Samsung Electronics’ unionised workforce voted in favour of the government-mediated pay agreement on Wednesday, formally closing the deal that narrowly survived an injunction filing from a smaller non-chip union on Tuesday. The vote […]

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Samsung commits $1.5bn to a Vietnam chip-testing plant, with $2.5bn more on the table

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Samsung Electronics will invest 39 trillion dong, or about $1.5bn, in a semiconductor testing plant in Vietnam, according to a document seen by Reuters on Wednesday. Construction has already begun in an industrial park 60 kilometres north of Hanoi, with operations scheduled to start in November 2027. The plant will be Samsung’s first dedicated chip-testing […]

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Samsung’s non-chip union goes to court to halt bonus vote

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A smaller Samsung Electronics union representing roughly 13,000 workers in the company’s smartphones, televisions and home appliances divisions has filed an injunction at South Korea’s Suwon District Court to halt an ongoing companywide vote on a bonus deal that would deliver a windfall to memory chip workers and almost nothing to everyone else. The injunction […]

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Samsung’s memory chip employees negotiated $340,000 bonuses this year

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Details have emerged about a tentative deal struck between Samsung and semiconductor employees who had threatened to strike. The deal reportedly makes some workers eligible for average annual bonuses of $340,000. The proposed 18-day strike had hinged on Samsung’s bonus cap for employees in the semiconductor division, and followed a substantial rise in the possible […]

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Samsung chip workers offered a $340,000 average bonus as union pushes toward $1m and an 18-day strike

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Leaked transcripts show memory-line staff offered up to 607% bonuses worth $477,000, while logic-chip employees get as little as 50%. The 45,000-person walkout, if it lands, would be the largest in semiconductor-industry history. Samsung Electronics will pay its chip workers an average bonus of about $340,000 for the year, Bloomberg reported on Thursday, as the company […]

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Samsung has a tentative deal with workers to avoid a memory chip strike

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More than 47,000 Samsung Electronics workers were gearing up for an 18-day strike after bonus payment negotiations between the company and its union collapsed. The strike was set to start on Thursday at Samsung’s domestic chipmaking plants, raising concerns around the already constrained production of memory chips amid the ongoing shortage. Later on Wednesday, both […]

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Samsung workers set to strike at worst possible time

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More than 47,000 Samsung Electronics workers are gearing up for an 18-day strike after bonus payment negotiations between the company and its union collapsed. The strike is set to start on Thursday, and will be limited to Samsung’s domestic chipmaking plants, raising concerns around the already constrained production of memory chips amid the ongoing shortage. […]

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Samsung union holds 21 May strike date as Monday mediation opens in Sejong

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Talks resumed in Sejong on Monday. Choi Seung-ho walked into the National Labor Relations Commission building in Sejong on Monday morning, about 110 km south of Seoul, and told reporters he would ‘participate in this second round in good faith’. The head of Samsung Electronics’ largest union, on Friday’s evidence, had been preparing to talk […]

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Samsung and its union meet Monday in a last attempt to prevent an 18-day chip factory strike

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Samsung Electronics and its largest labour union will resume negotiations on Monday in what South Korean Prime Minister Kim Min-Seok has described as “virtually the last chance” to prevent an 18-day strike at the world’s biggest memory chipmaker. If the talks fail, the union’s 41,000 confirmed participants, a number expected to exceed 50,000, will walk […]

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Samsung offers to talk; the union says June, after the strike

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The company dropped its preconditions on Friday. The NSEU said it would hear new offers from 7 June, three days after the planned 18-day walkout ends. Samsung Electronics asked its largest union on Friday to come back to the bargaining table without conditions. The union said yes, eventually. Talks could resume on 7 June, the […]

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