Sweden Herald - Latest Sweden News | Samsung union approves agreement - strike called off by Sweden Herald

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Samsung’s largest union in South Korea has voted overwhelmingly—about 74 % of members—in favor of a new agreement, thereby canceling a planned strike that threatened global memory‑chip supplies. The deal will grant workers involved in memory‑chip production an average bonus of roughly three million kronor, contingent on the company meeting its profit targets, according to Bloomberg. This resolution averts a disruption that could have impacted a range of products from smartphones to electric vehicles.

Read more: https://swedenherald.com/article/samsung-union-approves-agreement-strike-called-off

#Samsung #SamsungUnion #businessnews

Al Jazeera – Breaking News, World News and Video from Al Jazeera | South Korea’s stock market soars as Samsung union calls off planned strike

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South Korea’s stock market surged more than 8 percent after Samsung Electronics and its union reached a tentative pay agreement that averts an 18‑day strike by roughly 48,000 workers, granting them 10.5 percent of the company’s operating profits; the deal eased fears of a disruption to the global memory‑chip supply, bolstering an AI‑driven rally already heightened by Nvidia’s record $58.3 billion profit, and helped lift the KOSPI more than 80 percent so far this year, with Samsung shares up over 7.5 percent, rival SK Hynix up more than 11 percent, and car makers Hyundai and Kia each gaining about 13 percent.

Read more: https://www.aljazeera.com/economy/2026/5/21/south-koreas-stock-market-soars-as-samsung-union-calls-off-planned-strike?traffic_source=rss

#SamsungElectronics #SamsungUnion #SKHynix #Nvidia #economy

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