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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

… Exact terms of the agreement have not been fully disclosed, but the dispute centered on performance bonuses . The union had pushed for Samsung to allocate 15% of annual operating profit to employee bonuses and scrap a 50% annual salary cap on performance payouts. …

May 20, 2026 · Etiido Uko
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