Samsung, South Korean Union Resume Bonus Talks to Avoid Strike

Samsung Electronics’ management and its South Korean workers’ union have agreed to resume discussions on bonuses, the union announced Tuesday.

The union represents nearly 90,000 employees, more than 70% of Samsung’s South Korean workforce. Last week, union members voted to authorize a strike, raising concerns over potential disruptions at the world’s largest memory chipmaker.

The renewed talks aim to prevent any production interruptions and reach a mutually acceptable agreement on bonuses.