Samsung Faces Strike From Nearly 48,000 Union Workers
They had failed to reach an agreement regarding worker bonuses.
Nearly 48,000 Samsung workers in South Korea, which make up 38 percent of the company's workforce in the country, are planning to walk out on May 21 for an 18-day strike. The company and its largest labor union had been in negotiations, and union leader Choi Seung-ho said his organization had accepted the final proposal presented by a government mediator. However, the strike is still pushing through after the parties failed to reach an agreement on one important issue: Bonuses.
The union is asking Samsung to remove the cap on workers' bonuses, which is equivalent to 50 percent of their annual salaries. Further, it's pushing for Samsung to allocate 15 percent of its annual operating profit to worker bonuses. Samsung is currently the world's largest DRAM maker by revenue and has recently been posting record revenues and profits, mostly thanks...
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