Samsung_Electronics workers approve wage deal

Unionized workers at Samsung Electronics>>> voted to approve a wage agreement, averting a potential 18-day strike. The deal, reached just an hour before the strike was set to begin, includes a special semiconductor performance bonus equivalent to 10.5 percent of business performance earnings, paid in company stock over at least 10 years. This bonus is tied to targets for the chip division's operating profit, with forecasts suggesting payouts of up to 600 million won for each of the 28,000 employees in the profitable chip division. Additionally, Samsung Electronics>>> announced a 5 trillion won fund over the next five years to invest in future talent development and support its suppliers and underprivileged groups. A minor labor union, however, filed a court injunction with the South Korea — Suwon District Court>>> to suspend the vote, claiming the largest labor union did not respect their rights.