Samsung Electronics union called a first-ever strike for a pay rise

Latest Science & Tech Team TabloidPK May 30, 2024 0 Comments 74 Views

Samsung Electronics union called a first-ever strike for a pay rise

It is the first-ever strike that the union called at the South Korean tech giant Samsung Electronics since its foundation five and a half decades ago. Samsung Electronics union represents thousands of employees.

However, the National Samsung Electronics Union has not decided to go on a complete strike. It has announced that it would organize a one-day protest on June 7. It also instructed all its members to join this protest on the relevant day by taking paid leave.

*Samsung Electronics Union called a strike on June 7, 2024*

According to the union, about 28,000 workers, or more than 5% of the entire workforce of the corporation, are their members.

A union spokesperson stated at a news conference that the mistreatment of labor unions is intolerable to them now. They are announcing a strike in response to the company’s disregard for workers. Meanwhile, Samsung Electronics announced that they will hold negotiations with the union.

Since the beginning of the year, Samsung Electronic’s management and the union have been in negotiations for salary. But they have not reached an agreement. The union has asked for a bonus based on the company’s profits and a 6.5% pay increase.

*The union asked its members to join a protest call by taking paid leave*

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Samsung Electronics is the biggest manufacturer of memory chips, cellphones, and television worldwide. Hence, experts have warned that a complete strike might have impacted the company’s production of computer chips and worldwide supply networks for electronics.

Samsung Electronics is the parent company of the South Korean firm Samsung Group. They are the largest Lee family-run firms in the nation and are in charge of Asia’s fourth-largest economy.

It was well-known that Samsung Group did not allow unions to represent its employees until 2020. When it came under heavy public inquiry following the conviction of its chairman, Lee Jae-young, for bribery charges and market manipulation.