Samsung Electronics union approves bonus pay deal

Seoul [Korea], May 27, (ANI): Samsung Electronics’ union has approved the bonus-pay deal that was hastily struck last week and was mediated by South Korea’s labour minister. The union nod for the deal helped avert a strike at the Korean chip giant that is critical to global supplies at a time when AI stocks are booming.

Around 74% of those who voted for the deal expressed their approval, making it possible to reach a settlement between the management and workers who had been sparring for the last five months.