Samsung employees demand around $30 billion in profit-sharing deal

A labour union at Samsung Electronics has announced plans for a protest lasting up to 18 days amid disputes with company management over profit distribution, according to MyDrivers.

Workers are demanding that around 15% of the company’s annual operating profit be allocated to employee bonuses—an amount estimated at roughly $30 billion. They are also calling for higher base salaries and a revised bonus system that would ensure more transparent compensation during periods of strong financial performance.

The tensions come as Samsung reports a significant financial upswing. In the first quarter of the year, the company recorded a 700% year-on-year increase in profits, driven by a surge in demand in the memory chip market. However, union representatives argue that this improvement has not been reflected in employee pay.

Analysts suggest that if the current trend continues, Samsung could strengthen its position among the world’s largest corporations and potentially challenge industry leaders in profitability by 2027.