Particle.news
Download on the App Store

Samsung, Unions Restart Bargaining After Offer to Discuss Bonus Cap

Management's openness to scrapping a bonus cap prompted fresh talks.

Overview

  • Union leaders said they will restart negotiations after management agreed to discuss removing the cap on performance bonuses.
  • The sides scheduled working-level talks followed by full bargaining sessions later this week.
  • Members had already approved a strike with 93.1% support, and unions plan an 18-day walkout from May 21 if there is no deal.
  • Workers seek to scrap the bonus cap, secure a 7% wage increase, and get clear rules for how performance bonuses are calculated.
  • A strike at Samsung, a top maker of memory chips, could disrupt production and strain global supply chains.