400k is nice and all, but imagine how many PlayStations you could buy if you didn't have union dues.
this post was submitted on 22 May 2026
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Brilliant to have a strike with a set duration so that A) management knows your serious B) management can accurately determibe the potential cost of the strike C) if the strike does occur, you'll have higher participation rates and D) if the strike does occur, it won't drain the union's coffers as it has in the past with the American UAW.
Absolutely brilliant planning. IBEW ought to be taking notes!
Fantastic outcome. Great to see people striking when their concerns are not answered and unions coordinating.
That's a lot. Sounds like good news. What's the catch?
Samsungs stakeholders cannot capitalize on the whole 8-fold growth, as a part of that goes to the workers who actually produce the goods. If you really want a catch, thats the only one I can think of.
Oh no! Won't anybody think of the shareholder?! /s
It just might be that it's cheaper than disruption
How is that bad news? That's how strikes work.
They didn't say it's bad news
well otherwise they could just wait it out
most of that (7% of profits out of 12%) in stock vested over 2 years, so samsung got themselves a breather here. it might be also that these shares are at peak valuation now
Seems like a good thing. Aligning workers and shareholders seems reasonable. And it even seems vaguely lefty, with the workers having a bigger stake in the means of production and all. Valuation might go down, and if there is a global recession most of our 401ks will go down, too. I don't see any disproportionate downside.
per chip employee
Er... Which one?
edit: Ah, I see, it's a weird way to say "per employee of the semiconductor division"
I was reading per chip x employee, and I was like damn, that's a lot.
Here and I was reading it as "They are getting $400k, per Chip, employee of Samsung."
Found the physicist.