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Reading: The union boss says the Samsung pay strike is now indefinite.
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Baner Club > Blog > Business > The union boss says the Samsung pay strike is now indefinite.
Business

The union boss says the Samsung pay strike is now indefinite.

An indefinite strike is currently planned in response to a push for increased compensation among employees of South Korean electronics giant Samsung, according to a senior union official.

Last updated: 2024/07/10 at 9:35 AM
Published July 10, 2024
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Members of the nation’s National Samsung Electronics Union (NSEU) went on strike on Monday over wages and working conditions.
However, the union seems to have doubled down due to a disagreement about the action’s apparent efficacy and the absence of new negotiations.

The statement that the strike had not yet impacted production lines, as stated by the world’s biggest memory chip manufacturer, was disregarded.

At Samsung’s South Korean operations, the NSEU has 30,000 members. As of Wednesday, 6,500 of those members had taken part in the action.

The union is requesting an additional day off and a 3.5% basic wage rise.

On paper, at least, it doesn’t seem like the parties are too far away from a resolution.

Samsung had made a 3% offer, according to Union vice-president Lee Hyun-kuk, who also stated to the Reuters news agency that “we haven’t spoken to management since we started the strike on Monday.”

wouldHe said that as a result, some chip production had been affected and that the strike, which was scheduled to finish on Wednesday, will be extended.

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