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Investing.com -- Samsung Electronics (KS:005930) has reached a preliminary agreement with its union negotiators to increase wages by 5.1% for this year, it said on Monday.
In addition to the wage increase, each Samsung employee will also be granted 30 company stocks and a two-million-point reward for online shopping.
This reward can be used by employees to purchase Samsung goods.
The wage and perks deal is yet to be approved by the members of the National Samsung Electronics Union.
The Union, which currently boasts a membership of approximately 36,000, is set to vote on the agreement by March 5, according to the company.
Additionally, Samsung’s management and union representatives are planning to set up a joint task force.
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