Samsung faces major strike
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By Heekyong Yang and Hyunjoo Jin SEJONG, South Korea, May 20 (Reuters) - Some 48,000 Samsung Electronics workers are set to walk off the job on Thursday after talks on bonus payments broke off without a deal - a strike which threatens the health of South Korea's economy and could hit global chip supply.
Management and union leaders at Samsung Electronics failed to reach a last-minute deal over wages Wednesday, raising prospects for a strike at the Sout
South Korea's Samsung Electronics has become one of the biggest beneficiaries of the artificial-intelligence boom. Now the company faces a battle over who deserves a share of the
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Samsung Electronics union says strike is on for Thursday
Government-mediated wage talks broke down Wednesday
By Jack Kim SEOUL, May 20 (Reuters) - Samsung Electronics' labour union plans to embark on a massive 18-day strike on Thursday after bonus payment talks with management collapsed and attention is now focused on whether the government will issue an emergency arbitration order.
Buy Samsung Electronics. The market is pricing a worst-case supply shock, but the government is signaling “room for dialogue” and emergency arbitration is only used rarely (4 times in modern history).
A planned strike at South Korean chip giant Samsung Electronics will go ahead from Thursday, its union said, after talks on bonus payouts collapsed, raising concerns over a disruption to the country's key semiconductor industry.
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Samsung Electronics strike fears boost Chinese semiconductor stocks
If Samsung Electronics falters, ultimately, it’s China that smiles.” As the possibility of a large-scale strike by Samsung Electronics’ union on the 20th became a reality, Chinese semiconductor stocks surged across the board.