Samsung has swerved a planned South Korean factory strike with a last-minute deal, so the memory machine rumbles on

Macro view of the group of computer PC DRAM memory modules circuit board PCB with selective focus effect.

South Korean chip giant Samsung Electronics has reached an agreement with its labour union, mere hours before workers were due to begin an 18-day strike. The planned action was due to be taken today, Wednesday, May 21, but the union has agreed to suspend the strike and put a new proposal to an internal vote.

Details of the terms of the proposal are yet to be revealed, but the union previously pushed for Samsung to allocate 15% of its annual operating profits to employee bonuses (via Tom's Hardware). The union also proposed the scrapping of a 50% annual salary cap on performance pay-outs.