Samsung Electronics says it reaches preliminary wage deal with union


The logo of Samsung is seen in front of the company building in Seoul, South Korea, June 7, 2024. REUTERS/Kim Hong-Ji/File Photo

SEOUL (Reuters) -Samsung Electronics has reached a preliminary agreement with its main workers' union in South Korea for a wage increase of 5.1%, it said on Thursday.

Union members will vote on the deal, which includes more holidays and bonus points that can be used to purchase Samsung Electronics products and other perks, for one week starting on Thursday, the company said.

The National Samsung Electronics Union also announced the preliminary deal on its YouTube channel.

The union, whose 36,500 members make up about 30% of Samsung Electronics' South Korean workforce, went on strike in July although the company said it did not lead to any disruption in production.

(Reporting by Jack Kim and Hyun Joo Jin;Editing by Christina Fincher)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Drones offer an unparalleled�view of the biggest wildfire risks
'Sexting' scam: Criminals impersonate cops in US to steal money from dating app users
Teaching a robot surgery through videos
FBI releases tips for customers to avoid scams when holiday shopping
Thirty years of PlayStation: How Nintendo's snub created a gaming giant
US AI task force co-chair asks FERC to support co-located data centers - letter
Super Micro Computer gets extension to file delayed annual report
Palantir, Anduril sign partnership for AI training in defense
US regulator places Google Payment under supervision, company sues
TikTok advertisers stay put after US appeals court upholds law forcing sale

Others Also Read