Samsung Electronics’ unionised workforce voted to approve a government-mediated pay agreement, ending the largest labour dispute in the global semiconductor industry. The deal narrowly survived an injunction filing by a smaller non-chip union. Samsung committed in writing to allocate 10.5% of semiconductor operating profit to special bonuses for chip workers. Some memory-division employees are set to receive total bonus packages worth about $416,000 over the agreement period. The non-chip Donghaeng union signalled it will continue seeking a revised allocation. The agreement is being treated as a structural shift in labour bargaining across Korean industry, with other unions, including Kakao’s, pressing for higher profit-share percentages and threatening strikes.
"The Samsung settlement has, in effect, created a precedent the rest of the chaebol system will now be benchmarked against. Two structural conditions made the deal possible. The first is the AI-driven memory supercycle. Samsung's memory division has been generating profits on a scale the company has rarely seen, and the gap between what the division produces and what its"
Read at TNW | Samsung
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