Samsung Electronics' South Korean union to begin vote on pay agreement


FILE PHOTO: A flag bearing the logo of Samsung Electronics flutters at the company's office building in Seoul, South Korea, April 15, 2025. REUTERS/Kim Hong-Ji/File Photo

SEOUL, May 22 (Reuters) - ⁠Members of Samsung Electronics' South Korean union ⁠will begin voting on Friday on a ‌tentative pay deal reached with the company, with voting due to run into next week, according to a union ​notice on its website.

The vote, ⁠involving about 89,000 members ⁠of two Samsung unions based on Wednesday's count, ⁠is ‌being conducted electronically from 2:12 p.m. (0512 GMT) on Friday after a brief ⁠delay due to a server overload. Voting ​is due ‌to run until 10 a.m. on May 27, ⁠the union ​said.

Union leaders reached a last-minute deal on Wednesday that averted a threatened 18-day strike that risked ⁠disrupting global semiconductor supply.

The agreement ​includes a plan for Samsung to set aside about 10.5% of its chip division's operating profit for ⁠special bonuses for the division covering the memory and logic businesses, with some members set to receive about $416,000.

Approval requires a majority of all ​members to participate and a ⁠majority of those voting to support the deal, ​otherwise negotiations must restart from ‌scratch.

A union leader has ​said he expected the agreement to be ratified.

(Reporting by Kyu-seok ShimEditing by Ed Davies)

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