'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

SAMSUNG ELECTRONICS CO

SAMSUNG ELECTRONICS CO

SSNLF

0.00

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.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.