Samsung Electronics' management and union negotiators have agreed on a 5.1% wage increase for this year. Each Samsung employee will also receive 30 stocks and a two-million-point online shopping reward, which can be used to purchase Samsung goods, as perks under the preliminary deal, the South Korean technology company said in a statement Monday.

Samsung Electronics Co. and its largest labor union have tentatively agreed to a 5.1% wage increase and stock awards for staff in 2025, signaling efforts by the two sides to defuse tensions that triggered the company’s first-ever labor strike last year.