|
Politics
|
Samsung Workers Extend Strike Indefinitely Over Wages and ...
2024-07-10 09:05:18
Business
Tech

Samsung Workers Extend Strike Indefinitely Over Wages and Benefits Dispute

Amidst growing tensions, the National Samsung Electronics Union has called for an indefinite strike involving around 30,000 members at Samsung. The dispute stems from demands for better wages and social benefits, with the union pushing for a 3.5% salary increase and additional perks which the management has been reluctant to address.

Despite Samsung's offer of a 3% raise, the strike, initially intended for three days, is now extended indefinitely, potentially disrupting production on chip lines. The union's persistence in negotiations highlights the escalating labor dispute within the technology giant, signaling a challenging period ahead for both the company and its employees.

Related news on that topic:

Samsung Employees in South Korea Go on Strike

Samsung employees in South Korea have initiated a historic three-day strike, led by the National Samsung Electronics Union, to demand higher wages, improved working conditions, and transparency in performance-based bonuses. This strike, involving around one-fifth of Samsung's workforce, marks the first general strike in the company's history and could impact semiconductor chip production, a crucial sector for South Korea's exports. Despite the strike's focus on salary increases and additional annual leave, analysts anticipate minimal disruption to chip production due to the high level of automation. The strike highlights a shift in employee loyalty and poses a challenge for Samsung in maintaining its workforce's satisfaction and productivity amidst global competition.

The press radar on this topic:

The Street
17. Juli 2024 um 00:21

Samsung union kicks off three-day strike over unfair pay TheStreet Daily Newsletter

Economy
Technology
Finance
Politics
Samsung Electronics employees in South Korea have kicked off a three-day strike over unfair pay and demands for better working conditions. The National Samsung Electronics Union, which represents around 25% of Samsung's workforce, is leading the strike to disrupt production and pressure the company to meet their demands for higher pay and an extra day of annual leave for union members. However, Samsung says it does not expect a significant impact on production as only about 5% of its workforce..
Tagesschau - Wirtschaft und Börsen-Nachrichten
10. Juli 2024 um 02:04

Technology conglomerate Samsung strike extended indefinitely

Economy
Finance
Technology
The strike at Samsung Electronics in South Korea has been extended indefinitely. The NSEU union, which represents around 30,000 employees, cites the lack of willingness to negotiate on the part of management. Although the company claims that production is not affected, the union disagrees and says that production is indeed affected. Despite the ongoing labor dispute, the shares of the chip giant remained stable in early trading.
New York Times - Asia Pacific
10. Juli 2024 um 07:56

Samsung Union Workers Launch Indefinite Strike

Economy
Finance
Technology
Unionized workers at Samsung Electronics have launched an indefinite strike, escalating a rare labor dispute that could disrupt the company's chip business. The strike involves an estimated 6,500 workers and is over pay and working conditions. Samsung is the world's largest maker of memory chips and a leading manufacturer of logic chips. The union is demanding a wage increase, improved bonus policies, and an extra day of vacation, as well as compensation for lost wages during the strike.
heise online
10. Juli 2024 um 05:09

Samsung: Union calls for indefinite strike | heise online

Economy
Finance
Politics
The National Samsung Electronics Union (NSEU) has called on its around 30,000 members to go on an indefinite strike at Samsung. This follows a three-day general strike during which the company management allegedly refused to hold talks on the employees' demands for better wages and social benefits. The strike is scheduled to begin on July 10 and this time will be continued for an indefinite period.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact