The union vote on the tentative wage agreement at Samsung Electronics surpassed 80% on May 23, the second day of voting. According to Yonhap News, as of 6:40 PM, 46,185 out of 57,290 eligible voters from the Samsung Group's largest union, the Samsung Corporate Labor Union, participated, resulting in a turnout of 80.62%.
At the same time, the second-largest union, the National Samsung Electronics Union, reported a participation of 6,502 out of 8,187 members, yielding a turnout of 79.42%. Combined, the turnout for both unions stands at 80.47%.
Voting began at 2:12 PM the previous day and will continue until 10 AM on May 27. For the tentative agreement to be finalized, a majority of eligible voters must participate, and a majority of those who vote must approve it.
However, opinions within the unions are divided. The National Samsung Electronics Union and the third-largest union, the Samsung Electronics Labor Union Donghaeng, are currently campaigning against the agreement.
Choi Seung-ho, chairman of the Samsung Corporate Labor Union, stated that if the tentative agreement is rejected, he would delegate the remaining negotiations to the new leadership and conduct a vote of confidence. He added that a vote of confidence for the chairman will be held in June, regardless of the voting outcome.
As the union voting proceeds, some shareholders are intensifying their calls for the agreement to be declared invalid.
The small shareholder platform Act announced that Samsung Electronics accepted its request to review and copy the shareholder registry. This review is expected to take place on May 27 or 28.
This request was initiated by the Korea Shareholder Movement Headquarters, which plans to demand a special shareholders' meeting after securing the registry.
Previously, the shareholder movement headquarters held a press conference in front of the Supreme Court, arguing that the decision on special bonuses is a shareholder right and emphasizing the need for a special shareholders' meeting. They also plan to file for a provisional injunction to suspend the effectiveness of the agreement and a lawsuit to confirm its invalidity.
* This article has been translated by AI.
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