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181 new news items in the last 24 hours
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  2. Economy

Samsung has concluded negotiations with the unions, offering bonuses of 12% of the operational profit to employees of the semiconductor division.

Lara Maior
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21 May 2026, 17:32
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The negotiations between Samsung's management and the employees' unions of the semiconductor division were concluded on Wednesday, with government mediation, ahead of a planned protest. The unions demanded higher bonuses, and the agreement provides for the creation of a bonus fund equivalent to 10.5% of the division's operational profit, plus 1.5% in cash, totaling up to 12% of profit. Approximately 78,000 employees are expected to receive, on average, 509 million won each (approximately 338,000 dollars). The agreement is valid for 10 years but is conditional on achieving ambitious financial targets. However, a group of shareholders is contesting the legality of certain provisions of the agreement and threatens with lawsuits. Samsung's operational profit increased by 750% compared to the previous year, and the company plays a crucial role in the South Korean economy, with semiconductors representing 35% of total exports.

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Mediafax
Angajații Samsung primesc bonusuri de sute de mii de dolari după ce au renunțat la grevă
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France24
Samsung chip employees to get average $338,000 bonus under strike deal

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NEWS ON THE SAME TOPICS

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Economy
Samsung Electronics anticipates an 1,800% increase in operating profit in the second quarter of the year, due to high demand for AI semiconductors.
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The Central Bank of South Korea warns that record bonuses in the semiconductor industry could contribute to the already high inflation.
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South Korea will use the additional tax revenues from the semiconductor industry to create a national fund dedicated to investments in artificial intelligence and social projects.
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The Hyundai union organized the first general strike in the last decade, demanding an increase in the retirement age and protection of jobs.
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Nvidia reported a net profit more than double compared to last year. Revenues exceeded analysts' forecasts.
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South Korea has announced an investment plan in the field of chips and artificial intelligence.
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Samsung agreement union bonuses

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