Samsung union warns of walkout as pay talks stall
Samsung's union threatened to exit pay talks if mediation proposals are delayed. Workers seek a larger bonus pool following record profits and AI growth.
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SAMSUNG ELECTRONICS CO LTD labor union members in South Korea threatened to exit pay negotiations on Tuesday midday unless mediators offered a new proposal. The union is demanding 15% of operating profit for bonuses, exceeding the 10% currently offered by the electronics firm. Labor instability at the $1 trillion chipmaker threatens production as the firm races to close the artificial intelligence memory gap.
