TOPSHOT – Members of the Samsung Electronics labour union maintain indicators studying “Change it to be clear!” as they stage a mass rally demanding the removing of a cap on efficiency bonuses, exterior the corporate’s foundry and semiconductor manufacturing unit in Pyeongtaek on April 23, 2026. (Picture by Jung Yeon-je / AFP by way of Getty Photos)
Jung Yeon-je | Afp | Getty Photos
A strike involving greater than 47,000 Samsung staff will start on Thursday after wage negotiations between the corporate and its union broke down on Wednesday, sending shares of the South Korean chip large down 3%.
A South Korean court docket had beforehand ordered that the walkout not intervene with security safety amenities or impede work, to forestall harm to amenities and wafer deterioration.
The union’s calls for had revolved round Samsung’s performance-based bonus system. It’s in search of efficiency bonuses equal to fifteen% of Samsung’s working revenue, the removing of bonus payout caps, and a formalized bonus construction, amongst different measures.
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