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Showing top 12 results for "Costs and labor news"

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tomshardware.com › tech-industry

Samsung holds desperate final talks with union over 18-day chip factory strike that could cost $20 billion — government-mediated summit seeks to avert industrial action that could hit HBM production

… They estimate that allocating 10% to 15% of operating profit as performance bonuses and raising base salaries by 5% would generate KRW 21 trillion to KRW 39 trillion $14.3 billion to $26.5 billion in additional labor costs above current projections. …

May 11, 2026 · Luke James
tomshardware.com › tech-industry

Samsung's critical union negotiations break down eight days before planned 18-day chip factory strike that's projected to cost $700 million per day — Korean PM calls emergency meeting as strike looms

… Samsung said it regretted the outcome and would continue seeking dialogue. “We spent 16 out of the 17 hours of mediation simply waiting around,” Choi said, according to Korea JoongAng Daily . “We declared the negotiations over because management kept extending the mediation without making any meani… …

May 13, 2026 · Luke James