this post was submitted on 16 May 2026
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At that point, it's purely ideology and contempt for anyone beneath them.
Probably - because the amount of money they're about to lose was probably less than what actually negotiating with the union would've cost them
How many people do your think they employ? Because I performed seconds of painstaking research and came up with 80k, so I divided $40B by 80k employees and I get $500k/worker.
They could afford to give everyone a 25k raise and it would be 20 years before it cost them a dime.
That doesn't seem like a smart business decision.
By that calculation, even on the lower end of only losing $20 billion that'd still be 10 years before it'd cost them anymore than this rancid business decision did.
They're so determined to not negotiate with the union that they'd rather throw away the shareholder's money than give it to workers... And that's just this scheduled strike. If talks fail again, I bet you there will be more to come.
Samsung might have a difficult time explaining that one at their shareholder presentation next year.
It's in practice a class based society with the big families at the top like ancient nobility. Seems they're having a little "let them eat cake" moment.