74% of Samsung Electronics employees voted to support the wage agreement, reducing the likelihood of a strike

BlockBeats News, May 27th, the Samsung Electronics Union stated that 74% of employees voted to support the wage agreement, and the current strike is expected to cool down.

The Samsung Electronics Union was originally scheduled to launch an 18-day general strike starting on May 21st. The core reason is to hope for a more equitable sharing of dividends in 2026 when the company's AI semiconductor business achieves historically high profits. The union demands the cancellation of the performance bonus cap, 15% of the company's operating profit to be used as a source of performance bonus and institutionalized, transparency, a 7% increase in basic wages to narrow the salary gap with competitor SK Hynix. The Samsung management, on the other hand, is only willing to provide a one-time special bonus or a limited 10% profit-sharing plan, unwilling to permanently change the system, fearing increased long-term operating burdens, impact on competitiveness, and shareholder interests.