Samsung chip employees to get average $338,000 bonus after deal; averts 18-day planned strike

Samsung Electronics has reached a tentative agreement with labour unions that is expected to grant semiconductor employees average bonuses of about 509 million won ($338,000). With this, the South Korean tech giant has averted a planned 18-day strike that was scheduled to begin this week.

According to a report by AFP, company officials said the provisional deal was reached recently after government-mediated talks between management and unions.