Samsung Electronics union in South Korea declares strike

A workers’ union at Samsung Electronics in South Korea said on Monday it would launch a general strike until its demands for better pay and time off were met, warning of more damaging action against the country’s most powerful conglomerate than its one-day walkout last month.

The National Samsung Electronics Union, whose roughly 28,000 members make up over a fifth of the firm’s workforce, is planning to begin the strike on July 8, asking the company for commitments such as improvements to its performance-based bonus system and an extra day of annual leave.

“We are declaring a general strike today,” Son Woo-mok, president of NSEU, said on a live YouTube broadcast. “Until our demands are met, we will fight with the ‘no pay no work’ general strike.”

The union will provide more details regarding the strike on Tuesday, it said in a statement.

Samsung Electronics did not provide an immediate comment.

Last month, the union staged a walkout by using an annual leave, its first such industrial action, but the company at the time said there was no impact on production or business activity.

As the world’s top memory chipmaker and a major global smartphone maker, Samsung Electronics’ run of success is being challenged in some areas, including in some cutting-edge chips.

It recently replaced the head of its semiconductor unit to navigate what it called a “crisis” affecting the industry.

Any larger scale or protracted industrial action would be a headache for Samsung as it scrambles to catch up with rivals making high bandwidth memory (HBM) chips used in AI applications.

Union membership increased rapidly after Samsung in 2020 pledged to end to its practice of discouraging the growth of organised labour. (Reuters)

Related Posts

Kospi slides over 7% as chip stocks sink

Technology-led sell-off triggers circuit breakers on Kospi and Kosdaq, drags market back to July levels South Korean stocks plunged Thursday as a technology-led sell-off sent Samsung Electronics and SK hynix…

Seoul shares crash over 7% on chip rout amid AI, inflation woes

South Korean stocks plunged more than 7 percent Thursday as major chipmakers extended losses amid growing concerns over the sustainability of artificial intelligence-related investments and rate hikes by the Federal…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Robots first, soldiers follow: A glimpse of battlefield tactics in 2040

Robots first, soldiers follow: A glimpse of battlefield tactics in 2040

B1A4’s Jin Young Dishes On His Upcoming Drama “Summer Vacation,” Chemistry With Cho Yi Hyun, And More

B1A4’s Jin Young Dishes On His Upcoming Drama “Summer Vacation,” Chemistry With Cho Yi Hyun, And More

Nam Ji Hyun Discovers Her Former Blind Date Is Her New Client In “Make Me Tingle”

Nam Ji Hyun Discovers Her Former Blind Date Is Her New Client In “Make Me Tingle”

Watch: Seol In Ah Puts Up With Her Boss Yim Si Wan’s Demanding Orders For Investigation In “Love In Disguise” Teaser

Watch: Seol In Ah Puts Up With Her Boss Yim Si Wan’s Demanding Orders For Investigation In “Love In Disguise” Teaser

A2O groups debut with young, multinational lineup and old-school K-pop formula

A2O groups debut with young, multinational lineup and old-school K-pop formula

4 Rewarding Moments From The Final Episodes Of “The Ordinary Jackpot” 

4 Rewarding Moments From The Final Episodes Of “The Ordinary Jackpot”