- Tech giant Samsung workers to strike indefinitely as they demand better pay and benefits
- It follows a three-day general strike by the NSEU which claims that management has ignored their demands for talks
- The union represents nearly 25% of Samsung Electronics’ workforce and reports that about 6,500 workers have joined the strike
- Samsung says the strikes haven’t affected production lines
Tech giant Samsung workers to strike indefinitely
A union representing workers at Samsung Electronics in South Korea has called for an indefinite strike, demanding better pay and benefits. This decision followed a three-day general strike by the National Samsung Electronics Union (NSEU), which claims that management has ignored their demands for talks.
The union represents nearly 25% of Samsung Electronics’ workforce and reports that about 6,500 workers have joined the strike, disrupting production. Samsung disputes these claims, assuring that production lines remain unaffected and expressing a commitment to negotiate in good faith.
This strike marks the second since the union’s formation and follows Samsung’s historical resistance to unions, which changed in 2020 after the company faced public scrutiny over legal issues involving its chairman. Despite the strike announcement, Samsung Electronics’ stock showed little movement on the Korea Stock Exchange.
Amidst the labour dispute, Samsung Electronics recently forecasted a significant profit increase for the second quarter of 2024, driven by rising prices of advanced chips fueled by the AI technology boom.
On a rainy Monday, employees of Samsung Electronics gathered at the Hwaseong Nano City to declare a three-day strike pic.twitter.com/XFDgSpBz73
— YoonjungSeo (@yoonjung_seo) July 8, 2024