Strike Averted at Samsung, but Questions Linger Over Profit Sharing Model As news broke that a tentative wage deal between Samsung and its labor union has averted a major strike, many may breathe a sigh of relief.
The agreement comes after weeks of tense negotiations over profit sharing models in the tech industry.
Details of the deal remain private, but it's clear that the union has secured a significant bonus pool for employees in the semiconductor division – equivalent to 10. 5% of operating profit, paid out in stock.