Samsung Electronics, labor union reach preliminary deal in wage talks
CompaniesNov 14, 2024
Samsung Electronics and its largest labor union reached a preliminary agreement on a 5.1 percent pay increase Thursday, officials said, paving the way for ending stalled wage negotiations that have involved a weekslong strike. The tech giant and the National Samsung Electronics Union -- which represents 31,000 workers, or about 24 percent of the company's workforce -- have held multiple rounds of talks since January over the wage increase rate, vacation systems and bonuses without avail. Th