Samsung union approves compensation deal, averting chip plant strike
Samsung's largest labor union has approved a substantial compensation deal to prevent a strike by semiconductor workers. The agreement includes a $26.6 billion bonus pool, providing an average payout of approximately $340,000 per employee. This deal also introduces a profit-sharing structure that could last for a decade, linking employee incentives to the company's long-term performance.
- ▪Samsung's labor union accepted a $26.6 billion bonus pool to avert an 18-day strike by 48,000 workers.
- ▪The compensation package includes an average bonus of about 513 million won, or $340,000 per person.
- ▪The deal introduces a profit-sharing structure that allocates 10.5% of profits in stock and 1.5% in cash to eligible employees.
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Samsung union approves compensation deal, averting chip plant strike The tech giant's largest labor union accepted a $26.6 billion bonus pool to prevent an 18-day walkout by 48,000 semiconductor workers. Share Add us on Google by Editorial Team May. 26, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Samsung Electronics just wrote a very large check to keep its chip factories running.
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