Samsung has a tentative deal with workers to avoid a memory chip strike

Source: The Verge

Samsung workers prepare for 18‑day strike over memory‑chip supply

Samsung Electronics workers gathered outside the company’s semiconductor plant in Pyeongtaek on April 23, ahead of a planned strike.

• More than 47,000 employees were preparing for an 18‑day walkout after bonus‑payment negotiations between Samsung and its union broke down.
• The strike was slated to begin on Thursday at Samsung’s domestic chip‑making facilities, raising concerns about an already tight memory‑chip supply amid the ongoing shortage.

Tentative agreement

On Wednesday, labor and management announced they had reached a tentative agreement. The union posted on its website that the strike plans have been suspended until further notice, pending a vote on the deal. The agreement follows the union’s acceptance of mediation proposed by South Korea’s National Labor Relations Service.

Read the full story at The Verge.