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Samsung Electronics faces 48,000-worker strike over bonuses (opens in new tab)

Samsung Electronics’ union said about 48,000 workers will start an 18-day strike in South Korea on Thursday, May 21, after last-minute wage and bonus talks with management broke down in government-mediated negotiations. The walkout would be the largest labor action for the South Korean technology group and could affect semiconductor production. The dispute centers on performance-based bonuses. The union has sought to scrap a bonus cap equal to 50% of annual salary, allocate 15% of annual oper...

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