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CNBC World20.5.2026Business1 Min. Lesezeit

Samsung Strike Looms as Wage Talks Collapse, Shares Dip

Samsung strike wage negotiations

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A strike involving over 47,000 Samsung workers is set to begin Thursday after wage negotiations failed.
The union seeks performance bonuses equivalent to 15% of operating profit, leading to a 3% drop in Samsung's shares.

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A strike involving more than 47,000 Samsung workers will begin on Thursday after wage negotiations between the company and its union broke down on Wednesday, sending shares of the South Korean chip giant down 3%.

A South Korean court had previously ordered that the walkout not interfere with safety protection facilities or obstruct work, to prevent damage to facilities and wafer deterioration.

The union's demands had revolved around Samsung's performance-based bonus system. It is seeking performance bonuses equivalent to 15% of Samsung's operating profit, the removal of bonus payout caps, and a formalized bonus structure, among other measures.

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