Samsung (electronics company)

Sānxīng

三星

labor union / trade union

gōnghuì

工会

negotiations

tánpàn

谈判

to collapse / to break down

pòliè

破裂

，

more than (formal)

yú

逾

more than 40,000 (people)

4 wàn míng

4万名

workers

gōngrén

工人

will (at a specific time)

jiāngyú

将于

May 21

5 yuè 21 rì

5月21日

to go on strike

bàgōng

罢工

。

New Words

News in English

Samsung Union Talks Collapse as Over 40,000 Workers Set to Strike on May 21

Samsung Electronics union negotiations collapsed over bonus disputes, with over 40,000 workers set to begin an 18-day strike on May 21 that could cost roughly $700 million per day.

Samsung Electronics union and management ended weeks of compensation negotiations in failure this week. Over 40,000 workers plan to strike on May 21. The union demands canceling current bonus caps and incorporating 15% of company operating profits into employee bonus distribution. Both sides' disagreement stems from AI-driven memory chip profits surging while other business units suffer losses. South Korea economist estimates daily losses reach $700 million if factories halt production. An 18-day strike could result in $20 billion cumulative losses, severely impacting global high-bandwidth memory chip supply. South Korea's government has convened emergency meetings to mediate, but negotiations have not achieved breakthroughs. Samsung is the world's largest memory chip maker.

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