Samsung Shareholders Threaten Legal Action Over Wage Deal
A group of Samsung Electronics shareholders is threatening legal action against a tentative wage and bonus deal reached between the company and its union. They are revolting against the terms of the agreement.
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Samsung bonus deal faces shareholder revolt
Samsung Electronics’ tentative wage agreement with its labor unions came under fresh legal scrutiny Thursday after a shareholders group threatened legal action over a new bonus scheme tied to operating profit. The Korea Shareholder Action Headquarters staged a rally near the residence of Samsung Electronics Chair Lee Jae-yong, arguing that parts of the labor-management agreement signed a day earlier could violate Korea’s Commercial Act. “The agreement to accumulate and distribute 12 percent of p
By The Korea Herald
Read full article →Group of Samsung Electronics shareholders vows legal action against tentative wage deal with union - Yonhap News Agency
Group of Samsung Electronics shareholders vows legal action against tentative wage deal with union Yonhap News Agency
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