Samsung Workers Initiate Indefinite Strike Demanding Fair Pay
Money | July 10, 2024, 9:25 a.m.
Samsung Electronics in South Korea is facing its first-ever strike as over 30,000 unionized workers rally for better pay and benefits. The National Samsung Electronics Union demands a 3.5 percent salary increase, an extra day off, and a fairer bonus system. Despite a spike in operating profits, Samsung has not agreed to negotiations with the union. The strike has already slowed chip production lines, according to the NSEU, but Samsung denies any impact on operations. The union has urged its members to join the strike, with a quarter of Samsung's South Korean workforce already participating. NSEU officials are calling for solidarity and perseverance among workers. Samsung remains committed to negotiations but vows to maintain production. The ongoing strike highlights the tension between workers and management at the world's largest memory chip maker.