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Samsung Electronics Shares Fall 4.4% as Labor Union Plans Strike for May 21

GateNews

2026-05-20 06:52:07

According to Bloomberg, Samsung Electronics shares fell 4.4% on May 20 after the company and its largest labor union failed to reach an agreement during mediation talks in Sejong. The union announced plans to begin a general strike on May 21, following management's rejection of a proposal workers had already accepted. The dispute centers on bonus compensation: the union is demanding bonuses equal to 15% of operating profit with terms enshrined in labor contracts, while Samsung offered 10% of operating profit plus a one-time payment, arguing the union's demands are excessive.

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