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Samsung memory workers call off strike and may score six-figure bonuses

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Summary

ASIA IN BRIEF Workers at Samsung Electronics may score bonuses of well over $100,000 after calling off a planned strike. Samsung’s profits recently shot into the stratosphere along with the price of memory and solid-state storage. Last-minute talks saw the National Samsung Electronics Union (NSEU) agree not to strike, after Samsung agreed to create a fund that will share profits with workers. The Union is now running a vote on whether to approve the plan. Workers appear to have mixed feelings about the plan, as on Sunday the Union published a post in which it tries to justify the settlement as benefiting workers from all divisions of Samsung Electronics, and its plan to create a fund that would see all employees granted around $17,000.

Read full article at The Register →

#Agentic AI #China #Samsung #Huawei