'Samsung, Union Sign Tentative Pay Deal; Samsung Union Leader Apologizes To The Public For Causing Concerns; Will Try Best To Stabilize Labour Relations At Samsung' - Reuters

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SAMSUNG ELECTRONICS CO

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Samsung Electronics 005930.KS and its South Korean labour union reached a preliminary pay deal on Wednesday, potentially averting a planned lengthy strike that threatened to disrupt the production of AI and other chips.

The labour union said it had decided to suspend a general strike and put the tentative agreement to a vote by union members.

The vote will take place from May 23 to May 28, according to the union's website.