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Samsung and its South Korean union have reached a tentative pay deal.
Samsung and its South Korean union reached a tentative pay deal, suspending the planned 18-day strike.
KEY POINTS
- The pay proposal includes performance bonuses in company stock instead of cash to reduce immediate costs.
- The tentative agreement will be put to a union vote between May 22 and 27.
- Investors expect Samsung to incur higher labor cost provisions, potentially impacting operating profit.
COMPANIES
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