Samsung workers approve pay deal to avoid strike action
Samsung workers approved a wage deal on Wednesday, averting a strike that threatened chip supplies. The deal includes a 6.2% pay hike and a new bonus system.
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SAMSUNG ELECTRONICS CO LTD union members in South Korea approved a wage deal featuring a 6.2% average pay increase. Nearly 74% of 62,616 voting workers backed the agreement following a five-month labor dispute. The ratification prevents a strike that threatened global semiconductor supplies and the domestic economy.
