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Samsung Union Suspends Strike After Wage Deal, Faces Shareholder Backlash

Samsung Electronics' union has suspended its strike after reaching a tentative wage deal with the company. However, a group of shareholders has vowed legal action against the agreement, raising concerns about its financial implications.

21 May, 03:01 — 21 May, 10:10
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Sources

Showing 7 of 8 sources
cnbcMostly Factual3d ago

Samsung Electronics shares rally 6% after union suspends strike following tentative wage deal

Another round of negotiations led by South Korea's minister for labor and employment Kim Young-hoon resulted in a tentative agreement.

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France 24High3d ago

Samsung union suspends strike after reaching tentative pay deal

Samsung Electronics' union said it would suspend a strike shortly before it was set to begin on Thursday after it reached a tentative pay deal with the company, averting action that threatened South Korea's economy and global chip supply.

By FRANCE24

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straits-timesMostly Factual3d ago

Samsung shareholders vow legal action over tentative union deal - The Straits Times

Samsung shareholders vow legal action over tentative union deal  The Straits Times

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Korea HeraldMostly Factual3d ago

Seoul shares rally over 8% on tech gains after Samsung wage deal, Nvidia outlook; won rises

South Korean stocks spiked more than 8 percent Thursday on tech gains, after Samsung Electronics averted a strike and strong earnings from Nvidia, along with optimism over its robotics business outlook, boosted investor sentiment. The local currency gained ground against the US dollar. The benchmark Korea Composite Stock Price Index gained 606.64 points, or 8.42 percent, to close at 7,815.59. after rising as high as 7,819.23. The index opened sharply higher, tracking overnight gains on Wall Stre

By The Korea Herald

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channel-news-asiaMostly Factual3d ago

Samsung shareholders vow legal action over tentative union deal

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yonhap-englishMostly Factual3d ago

(LEAD) Group of Samsung Electronics shareholders vows legal action against tentative wage deal with union - Yonhap News Agency

(LEAD) Group of Samsung Electronics shareholders vows legal action against tentative wage deal with union  Yonhap News Agency

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express-tribuneMostly Factual3d ago

South Korea's Samsung labor union suspends general strike

From 93% strike mandate to a tentative deal, Samsung's labour standoff enters a new and uncertain phase

By Anadolu Agency

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