Samsung Electronics unionized workers in South Korea voted to approve a tentative wage agreement on May 27 after 62,616 ballots were cast. The deal includes a 6.2 percent average wage increase and a new 10-year special performance bonus system for the semiconductor division. A minority union had sought a court order to block the vote.
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Unionized workers secured a 6.2 percent wage increase and uncapped 10-year performance bonuses tied to semiconductor profits after government mediation averted a strike.
“Organized labor extracting gains from a major tech firm while noting limits for non-unionized staff”
Workers approved a performance-linked package with a 6.2 percent wage hike and decade-long bonuses scaled to operating earnings, preserving operational continuity.
“Incentives aligned with business results and risks of state intervention in labor disputes”
Over 62,000 workers voluntarily approved a compensation structure linking pay to measurable semiconductor profits and company stock, avoiding a strike.
“Preference for voluntary agreements over union monopoly representation and official mediation”
The reported approval and averted strike overlook whether profit targets are realistically achievable in a cyclical industry and whether the process addressed internal dissent or excluded subcontracted workers.
“Structural questions about bonus viability, chaebol context, and ratification process consent”
Ratings by MBFC