Samsung trade union wage agreement voter turnout surges, just one step away from final approval
Svmuureports that the voter turnout for the ratification of the preliminary agreement on 2026 wages and collective bargaining by Samsung Group's largest trade union has surged sharply. Consequently, expectations for the agreement's approval are rising. However, given the significant gap in bonuses between the semiconductor division and the device experience division, as well as between the memory and non-memory divisions, debates over fairness are expected to continue. According to the union, as of 8:29 AM local time on the 25th (7:29 AM Beijing time), out of 57,291 eligible voters, 49,363 had cast their votes on the ratification of the preliminary wage and collective agreement, resulting in a voter turnout of 86.16%. This vote represents the final step in deciding whether to accept the preliminary wage and collective bargaining agreement reached between labor and management. The core of the agreement is to allocate 10.5% of the DS division's operating performance as a special management performance bonus fund, to be paid in the form of treasury stock. Industry insiders believe that DS division members, who make up approximately 80% of all union members, are likely to drive the agreement's passage. The vote will be finalized as long as a majority of eligible voters participate and a majority of those who vote are in favor. The voting will conclude at 10:00 AM on the 27th. (Jin Shi)
Source:Odaily · Source Link
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