Samsung’s Labor Talks Fail, Yonhap Says, as Strike Looms

Samsung Electronics Co. and its labor union failed to reach a last-minute wage agreement, according to the Yonhap news service, heightening the risk of a strike that could disrupt operations at the world’s largest memory-chip maker.

The breakdown came after two days of marathon negotiations mediated by South Korea’s labor authorities, with union and management sharply divided over performance bonuses tied to booming AI-related earnings. The union demanded that Samsung scrap the existing bonus cap, allocate 15% of its operating profits to worker bonuses and formalize those terms in employment contracts.