Key facts
- Samsung Electronics and its main labor union reached a wage deal.
- A planned strike will be postponed.
- The agreement includes a 6.2% wage increase.
- A new performance-based bonus for the Semiconductor Division was agreed upon.
- The bonus will be based on the company's operating profit.
Samsung Electronics and its primary labor union have successfully negotiated a wage agreement, thereby postponing a planned strike. The terms of the deal include a 6.2% increase in wages. Additionally, a new performance-based bonus structure has been established for employees within the Semiconductor Division. This bonus will be calculated based on the company's overall operating profit, fulfilling a key demand from the union.