All articles tagged with #labor union
Samsung Electronics’ shares jumped more than 6% after its labor union suspended an 18‑day strike and called for a May 22–27 vote on a tentative wage deal, a provisional accord that ties bonuses to operating profits and includes a chip-division payout, though officials say final agreement remains far off and negotiations continue amid broader semiconductor market optimism.
Samsung Electronics paused its planned strike after a last-minute tentative pay deal with the union on how profits from soaring AI memory-chip demand should be shared. The union wants fair bonuses across divisions, including abolishing a cap and creating a pool funded by operating profit, while memory-chip staff would receive larger bonuses than others. The dispute highlights potential disruptions to supply chains and South Korea’s economy, though a court injunction keeps staffing and production normal while members vote on the deal.
Samsung Electronics' labor union postponed a planned strike after reaching a last-minute wage agreement with management during government-mediated talks in Sejong, with the deal reportedly focusing on higher bonuses and removing bonus caps.
More than 47,000 Samsung Electronics workers in South Korea will start an 18‑day strike at domestic memory‑chip plants after bonus negotiations collapsed, raising concerns about memory‑chip production amid a global shortage; the union is seeking a 15% operating‑profit bonus and removal of a cap on wages, while the government has urged a negotiated settlement and may intervene if needed, potentially tightening supply from the world’s largest memory‑chip producer.
South Korea’s president urged a balance between labor and management as an 18-day Samsung Electronics strike threatens about 47,000 workers. The union demands a bonuses system worth 15% of operating profit, removal of payout caps, and a formal structure; Samsung has offered 10% of operating profit for bonuses plus a one-time payment. The government warned of possible emergency measures if the strike harms the economy, with direct losses estimated up to 1 trillion won and up to 100 trillion won if chip production is disrupted, highlighting Samsung’s outsized role in exports and GDP. Final talks were framed as the last chance to avert a walkout.
United Flight Attendants ratified a five-year contract with an average 31% base pay increase this summer, plus boarding pay averaging 7–8%, and $741 million in retroactive pay. The 82% approval among nearly 30,000 AFA members, reached with mediation support, includes expanded job security, leave provisions (maternity, parental/adoption), higher per diem and premiums, and measures to reduce long unpaid sits. The deal was brokered through the National Mediation Board with mediator Michael Kelliher and positions United’s contract as industry-leading for flight attendants.
A labor union is insisting that any U.S. government bailout for Spirit Airlines include safeguards for workers, such as preserving jobs and wages, maintaining benefits, and honoring existing labor agreements, as a condition of financial aid.
The WNBA and its players’ union reached an agreement in principle on a transformative new collective bargaining agreement, boosting the salary cap to $7 million, targeting an average player salary around $600,000 with minimums above $300,000, and a 20% league revenue share. A formal term sheet is expected within days, followed by player ratification and Board of Governors approval; the plan is to keep the 2026 season on schedule.
The United Farm Workers, the nation’s largest farmworkers union, says it will not participate in Cesar Chavez Day activities after allegations against Cesar Chavez surfaced.
The Association of Professional Flight Attendants unanimously passed a no-confidence vote in American Airlines CEO Robert Isom, the first such vote in the airline’s history, citing a “downward spiral” of mounting losses and operational failures that have left frontline workers sleeping on airport floors. The union says Isom’s leadership and a failed corporate strategy have harmed customers and profits and demands accountability and a leadership change, while American has offered only statements from Isom about its 2026 plan; Isom has led the airline since March 2022.
A Ford line worker who heckled President Trump at the Dearborn Truck Plant remains employed with no discipline on record, after an initial suspension; the UAW uses the incident to frame Trump’s view of workers and has publicly backed the employee, including fundraising support.
Peet's Coffee is closing multiple Bay Area locations by the end of January 2026 after being acquired by Keurig Dr Pepper, including spots in Berkeley, Castro, Polk Street, and Cole Street. The company says closures align with long-term growth priorities amid market conditions, while employees and customers react with disappointment; the union is seeking meetings to support affected workers and coordinate transfers where possible.
A UK court case between Rockstar and the IWGB union has surfaced internal messages that may reveal early GTA 6 Online details, including a potential 32-player cap. Rockstar labeled the information as confidential and commercially sensitive, but documents viewed by People Make Games include fired employees discussing development topics, crunch, and other matters. The tribunal denied interim relief for the fired workers, and the full trial is still to come.
Sean Astin, known for his role in 'Lord of the Rings,' was elected president of SAG-AFTRA, succeeding Fran Drescher, with Michelle Hurd as secretary-treasurer, amid a low voter turnout. They campaigned on themes of returning production to the U.S., improving benefits, and AI protections, and will face upcoming contract negotiations in 2026.
California State Senator Josh Newman, a Democrat, conceded his seat to Republican Steven Choi after a contentious election influenced by a powerful labor union, AFSCME 3299, which opposed Newman for not supporting a bill to protect UC worker rights. Despite significant Democratic spending to retain the seat, redistricting and union opposition contributed to Newman's defeat. This marks the second time Newman has lost his seat due to interest group opposition, having been recalled in 2018 over a gas tax vote.