Samsung Electronics union approves bonus deal and avoids strike

The union reported that 73.7% of members who participated in the vote supported the agreement, which needed the approval of more than half of voters

Unionized workers at Samsung Electronics approved a provisional bonus payment agreement reached last week with the company, removing the risk of a strike at the world’s largest memory chip maker.

In a statement released this Wednesday, the 27th, the union reported that 73.7% of the members who participated in the vote supported the agreement, which needed the approval of more than half of the voters.

The last-minute understanding on the distribution of Samsung’s huge profits and subsequent approval ends months of labor tension that had fueled fears of possible disruptions in the global chip supply chain.

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Samsung management and union leaders reached the agreement in negotiations mediated by South Korea’s labor minister late last Wednesday night, just hours before the planned strike at the company began.

Fonte: Dow Jones Newswires.

*Content translated with the help of Artificial Intelligence, reviewed and edited by the Editorial Team BroadcastGrupo Estado’s real-time news system.