Morning Bid: Samsung Electronics' wage drama not over yet - Reuters

<a href="https://news.google.com/rss/articles/CBMif0FVX3lxTE9rYzNuLW03TmFZNWFJek02WDBmV01XRHlOamtxZDlpbjY3d3BxMkJPZmVoemVmUVFIU2NUX2JkcEszdWZibW5fT1lVWENHRGVEMFUzNEktSkR3YWx2cDhkZEJqN3p0T2hXRlJDZ2QxVUY0cC1CeENLcVloM2FHOUE?oc=5" target="_blank">Morning Bid: Samsung Electronics' wage drama not over yet</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Samsung Electronics' labor union suspended a planned 18-day strike after reaching a tentative pay agreement with the company, averting potential disruptions to global semiconductor supply chains.

Samsung Electronics management and union leaders failed to reach a last-minute deal over wages, raising prospects for a strike that could disrupt global semiconductor supplies and South Korea's economy.

Samsung Electronics Co reached a tentative deal with its labor union, averting a crippling strike at the world’s largest memory chipmaker, following days of negotiations.

Samsung Electronics narrowly avoided an 18-day strike at its South Korean chip operations after reaching a last-minute tentative wage agreement with its labor union, just hours before workers were due to walk out.

Hours before the workers' union at Samsung Electronics was due to go on strike, a tentative agreement was reached between the parties, avoiding a loss for Samsung that could have been as high as $20 billion.