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Samsung union talks fail, 48,000 to strike

Samsung Electronics union talks collapse, leading to a strike of 48,000 workers. The dispute over bonus payments threatens semiconductor supply.

Daniel Rodriguez
ByDaniel Rodriguez- Senior Editor
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SEOUL, South Korea (Reuters) - Samsung Electronics management and its labor union failed to reach a deal on Wednesday.

This sets the stage for 48,000 workers to walk off the job on Thursday.

The strike threatens South Korea's economy and could disrupt global semiconductor supply.

The union demands include abolishing a bonus cap of 50% of annual salaries and allocating 15% of annual operating profit to bonuses.

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