Samsung narrowly avoids 18-day chip strike after last-minute wage deal with 48,000-worker union — tentative deal, subject to workers' vote, suspends billions of dollars worth of potential losses
… Further negotiations were scheduled for May 11 and 12, but the penultimate talks broke down again on May 12 without a deal. Leaked transcripts from the talks alleged that Samsung offered memory workers a 607% bonus worth $477,000, while logic chip staff were to get as little as 50%. …