The Samsung Electronics Korea Union has delayed its planned strike, originally set to begin on May 21, following a South Korean court's partial approval of an injunction against the action. The union will now hold a vote on a salary proposal instead. The court ruling stipulates a fine of approximately 1 billion Korean won per day if the strike proceeds in violation of the order.
The union's demands include the removal of performance bonus caps, transparency in allocating 15% of operating profits as bonuses, and a 7% base salary increase to compete with SK Hynix. Samsung management has countered with a one-time special bonus or a limited 10% profit-sharing scheme, citing concerns over long-term operational impacts and competitiveness.
Samsung Electronics Union Postpones Strike Amid Court Injunction
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