Samsung union suspends planned strike after new round of negotiations‎

Samsung was facing the biggest strike in its history in its Device Solutions business, thanks to it posting record sales but not sharing much the profits with its employees. Now, however, the labor union suspended its planned 18-day strike, following a round of negotiations led by South Korea's minister for labor and employment. These talks resulted in a tentative agreement. Now all members of the union will vote, from May 22 to May 27, on whether to accept the tentative agreement that was proposed. Samsung would allocate a special bonus equivalent to 10.5% of operating profits to its chip...