World Courant
Members of the nationwide labor union Samsung Electronics Union stage an illustration to kick off a three-day common strike outdoors the corporate’s foundry and semiconductor plant in Hwaseong on July 8, 2024.
Jung Yeon-je | Afp | Getty Photos
Staff at South Korean tech large Samsung Electronics will proceed an unprecedented strike over wages and advantages “indefinitely,” the union mentioned in a press launch. rack on Wednesday.
The union calls for These measures embrace a 3.5% enhance in members’ primary wages, larger transparency in fee and compensation for the financial losses of members who participated within the strike.
Samsung’s nationwide electronics union, which has about 30,000 members, started a three-day common strike on Monday after the 2 sides didn’t agree on wage will increase, holidays and bonuses after a number of rounds of negotiations, it mentioned. native media stories.
This is the primary strike by the union all through the 55-year historical past of Samsung Electronics, native media reported.
“Do not get drained,” the NSEU assertion reads, in accordance with a Google translation.
“It’s completely forbidden to go to work till administration offers directions,” the union urged its members.
Samsung, which mentioned Native media Tuesday that chip manufacturing had not been disrupted through the first two days of the strike, and Wednesday that it might “make sure that there could be no disruption to manufacturing strains” by extending the strike.
“The corporate stays dedicated to good religion negotiations with the union,” Samsung mentioned.
The NSEU, which prolonged the strike as a result of Samsung administration was not serious about talks, claimed the strike had disrupted chip manufacturing.
Samsung Electronics is the world’s largest producer of reminiscence chips, that are broadly utilized in shopper units akin to smartphones and laptops.
Shares of Samsung Electronics fell 0.34% on Wednesday morning.
Individually, the South Korean automaker Hyundai engine and the union reached a preliminary wage settlement on Monday, averting a strike deliberate for Wednesday and Thursday, Native information company Yonhap reported.
The settlement features a month-to-month base wage enhance of 111,200 Korean gained (US$81), in addition to a bonus and shares within the firm.
– CNBC’s Lim Hui Jie contributed to this report.
Samsung Electronics staff announce second strike in South Korea
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