In what comes as a huge relief for the upper echelons of Samsung's management, the company's unionized workers have just approved the proposed incentives-laden wage deal with an overwhelming majority, removing the threat of a prolonged strike and the attendant disruption in its production cadence. Each worker in Samsung's semiconductor division now stands to earn an average of 509 million won ($370,000) this year As expected, Samsung's semiconductor union that spans 62,616 workers has just voted with a 74 percent majority to approve the proposed incentives-laden wage deal. Interestingly, the deal only received a 21.1 percent support from the union […]
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