Samsung Electronics: Samsung has mentioned many benefits to its employees in the future in collaboration with the labor union to reduce the tension after the biggest strike last year.

Samsung Electronics: Samsung Electronics and the company's labor union have temporarily agreed to increase the workers' salary by 5.1 percent and increase stock awards this year. This is an indication of efforts by both parties to reduce the tension caused by Samsung's biggest strike so far.

The company is going to give a lot of benefits to the employees.

Under the initial agreement, Samsung will for the first time give 30 shares of the company to all its employees, which is equivalent to about $ 1,200 as per the closing price on Monday. Samsung and the union said in a statement on Monday that other benefits to employees include a discount of 2 million won ($1,400) on the purchase of any Samsung electronics product. Along with this, the company is going to take a big step to rehire retired employees who have three or more children. This is an initiative taken towards reducing the problem of the long-standing falling birth rate in South Korea.

Thousands of employees went on strike last year.

The National Samsung Electronics Union has 37,000 members, who will vote for this agreement from February 28 to March 5. In fact, in July last year, thousands of Samsung employees went on strike, dissatisfied with salary and leave.

This 3-day strike is being described as the largest in Samsung's 55-year history so far. During that time, citing losses in the chip business, bonuses were not paid to the employees working in this unit. During this time, Samsung's stock fell after many employees quit their jobs. Then in January, the company addressed one of the changes made by the labor union last year, deciding for the first time to pay a portion of executives' bonuses in stock rather than cash.