Business

Samsung Electronics Workers To Launch Three-Day Strike Over Wage Dispute

Unionize workers of Samsung Electronics  set to stage a three-day general strike next week after wage and working condition negotiations with management broke down.

The National Samsung Electronics Union (NSEU), the largest labor union with 28,000 members, announced the strike would begin next Monday and last for three days.

This group represents approximately 22 percent of Samsung Electronics’ total workforce of about 125,000, according to Yonhap news agency.

Also Read: Sensex And Nifty Hit Record Highs In Early Trade

While the exact number of union workers participating in the strike is uncertain, significant production disruptions are consider unlikely.

“We will engage in a full strike, without pay and without work, until our demands are met,” stated Son Woo-mok, president of the NSEU.

Since January, multiple negotiation rounds have failed to resolve differences over wage increase rates, vacation systems, and bonuses.

The union has called for a one-day vacation for all employees and a substantial salary increase for the 855 members who did not agree to the 2024 salary negotiation terms.

Additionally, the union has demanded more paid leave and compensation for economic losses incurred during unpaid strikes.

In June, unionized workers at Samsung Electronics held a one-day strike, marking the company’s first labor walkout.

Richa Kaushik

Recent Posts

Gautam Adani Hails Puri Lifeguards As Unsung Heroes During Rath Yatra Visit

Gautam Adani, Chairman of the Adani Group, visited Puri in Odisha during the annual Rath…

2 hours ago

Acharya Pramod Krishnam Slams Congress Over ‘Internal Emergency’ Allegation

Acharya Pramod Krishnam, stirred political debate by claiming an 'internal emergency' still exists within the…

2 hours ago

MRM Meeting: Pledge for Global Peace, Green India, De-addiction & Democratic Integrity

Taking a crucial step toward positive transformation, social reform, and global peace, the Muslim Rashtriya…

2 hours ago

India To Host 2029 World Police & Fire Games; Amit Shah Hails Global Recognition

India has been chosen to host the prestigious 2029 World Police and Fire Games in…

2 hours ago

Seeing The Lord Among Devotees Is The Pinnacle Of Humility: Gautam Adani At Rath Yatra

Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…

5 hours ago

PM Modi Interacts With Group Captain Shubhanshu Shukla Aboard The ISS

PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…

6 hours ago