financetom
Business
financetom
/
Business
/
Samsung Electronics' main South Korea union to strike over pay from Thursday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Samsung Electronics' main South Korea union to strike over pay from Thursday
Aug 13, 2024 4:40 AM

(Repeats story to fix formatting issue in a bullet point.)

SEOUL (Reuters) -Samsung Electronics' ( SSNLF ) biggest workers' union in South Korea said on Tuesday it would begin a four-day strike from Thursday to pressure the company over higher wages and bonuses after talks with management fell through in July. 

Lee Hyun-kuk, vice president of the National Samsung Electronics Union (NSEU), said in a live YouTube broadcast: "This strike is strategically designed to damage the company."     

He said the union, whose 36,500 members make up about 30% of Samsung Electronics' ( SSNLF ) South Korean workforce, expects the company would not have enough backup office workers to support production lines during the planned strike, as many workers would be away for a national holiday on Thursday.

Samsung said in a statement: "The company plans to ensure there are no production disruptions and adheres to the no-work, no-pay principles, while we continue our effort to resume talks with the union."  

The union had declared an indefinite strike in July, but asked members to return to work in early August after a series of talks with management fell apart. 

The union said it would continue demanding better pay and benefits from the tech giant by holding unexpected strikes.

Samsung Electronics ( SSNLF ) said in late July that the strike held that month did not disrupt production.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Warren Buffett's firm reveals new stakes in Paramount, Citigroup under its $51 billion investment
Warren Buffett's firm reveals new stakes in Paramount, Citigroup under its $51 billion investment
May 17, 2022
Warren Buffett shared biggest Berkshire Hathaway's investment with its shareholders at the company's recent annual meeting. He informed about investing heavily in Chevron, Occidental Petroleum, and HP Inc. during the quarter while picking up nearly 4 million more Apple shares and betting that Microsoft's acquisition of Activision Blizzard will go through.
Antony Blinken to highlight food security in UN meetings: US State Department
Antony Blinken to highlight food security in UN meetings: US State Department
May 17, 2022
US Secretary of State Antony Blinken will meet senior officials from 10 countries in Africa and with the foreign ministers of Pakistan and Turkey, the State Department said. He will then chair a "Global Food Security Call to Action" at the United Nations.
We need a new Charlie Chaplin to prove that today cinema is not silent: President Zelenskyy at Cannes Film Festival
We need a new Charlie Chaplin to prove that today cinema is not silent: President Zelenskyy at Cannes Film Festival
May 17, 2022
Ukraine leader Zelenskyy through a live video link from Kyiv said that Carlie Chaplin is needed to prove that today cinema is not silent, referring to Chaplin's satire of Adolf Hitler at the outset of World War Two in 1939.
Russia, Ukraine peace talks stall amid mutual recriminations
Russia, Ukraine peace talks stall amid mutual recriminations
May 17, 2022
Ukraine and Russia have held intermittent peace talks since the end of February, just days after Russia invaded its neighbour, but there has been little communication between them in recent weeks. Both Russia and Ukraine accuse each other for this failing talks.
Copyright 2023-2026 - www.financetom.com All Rights Reserved