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74% of Samsung Electronics employees vote in favor of the wage agreement, and strike expectations cool down
BlockBeats News, May 27 — Samsung Electronics' union announced that 74% of employees voted in favor of the wage agreement, and the strike expectations have eased.
Samsung Electronics' union originally planned to launch an 18-day strike starting May 21. The main reason is to share more dividends in 2026, when the company's AI semiconductor business is expected to achieve record-high profits. The union demands the removal of the performance bonus cap, the institutionalization and transparency of allocating 15% of the company's operating profit as performance bonuses, and a 7% increase in basic wages to narrow the pay gap with competitor SK Hynix. Samsung management is only willing to offer a one-time special bonus or a limited 10% profit-sharing plan, and does not agree to permanently change the system, fearing increased long-term operational burdens, reduced competitiveness, and impact on shareholder interests.