July 9th, 2024

Samsung Electronics union launches first strike in 55-year history

The National Samsung Electronics Union, the largest at Samsung, held a three-day strike for wage increases and incentives. Despite police estimating lower attendance, potential manufacturing disruptions loom. The union threatens further action.

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Samsung Electronics union launches first strike in 55-year history

The National Samsung Electronics Union, the largest labor union at Samsung Electronics, initiated a three-day strike, marking the first strike in the tech giant's 55-year history. The union demanded a wage hike and higher incentives, with about 4,000 unionized workers participating in a rally at the company's Hwaseong Campus. Despite the union's claim that over 6,500 members expressed their intention to strike, police estimated around 3,000 members present at the rally. The union warned of potential disruptions in manufacturing, with over 5,000 members from various divisions joining the strike. However, market expectations suggest that the automated nature of most manufacturing lines may limit significant disruptions. The union threatened to launch another strike if management does not meet their demands, which include a higher wage increase rate, paid leave fulfillment, and incentive criteria improvements. The NSEU, with 30,000 members representing 24% of all Samsung employees, has been in negotiations with management since January.

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Link Icon 5 comments
By @downrightmike - 7 months
This is the part of the company that makes semiconductors. The union represents 24% of the workforce.
By @The_SamminAter - 7 months
> Since January, the union has been pressing management for… …fulfillment of promises regarding paid leave

Burying the lede a little, no?

By @dmix - 7 months
Has cost of living gone up in SK like it has in the west?
By @Slyfox33 - 7 months
Samsung should be broken up. Don't they make up 20% of the entire economy of south korea?