SEOUL, May 27: A tentative wage agreement between Samsung Electronics and its labor unions was approved in a union vote, paving the way for a temporary settlement of a labor dispute at South Korea's largest company.
The joint bargaining group of Samsung Electronics unions said Wednesday that 73.7 percent, or 46,142 unionized workers, voted in favor of the agreement in a six-day ballot that ended at 10:00 a.m. local time Wednesday.
Samsung Electronics tops the list of the ‘World's Best Employer...
Of 65,593 eligible union members, 62,616 cast ballots, posting a turnout of 95.5 percent. Under union rules, the deal was finalized as more than half of eligible voters took part and a majority voted in favor.
Under the tentative agreement reached last Wednesday, Samsung Electronics management and labor agreed to introduce a special bonus pool for the device solutions (DS) semiconductor division funded by 10.5 percent of business performance, raise average wages by 6.2 percent and establish a housing loan program.
Of the pool, 40 percent would be distributed as a division-wide bonus, while the remaining 60 percent would be allocated based on the performance of individual business units.
-1779842101.webp)
