Samsung workers approve pay deal, shares surge
Unionised workers at Samsung Electronics have approved a highly contentious bonus pay deal – one that averts a massive 18-day strike but also exacerbates deep disparities in fortunes among workers at the tech conglomerate.
Two unions for the world’s largest memory chip maker said on Wednesday that 74% of the 62,616 workers who cast their votes had backed the deal.
Shares in Samsung surged 6%, also helped by investor frenzy over the AI boom that has driven chip sector shares higher.
