Last month, it was that the Samsung workers' union had to demand a pay raise. Yesterday, the workers' union started its strike, and it will continue today, entering its second day. This is the first unionized strike in Samsung's 55-year history.
According to a report from , thousands of Samsung employees who are a part of the National Samsung Electronics Union (NSEU) halted their work for the second day in a row. They have demanded a higher pay raise, an improved bonus, and a vacation system. However, Samsung said the market conditions aren't favorable for that to happen.
NSEU, with over 30,000 members, is the largest workers' union at . It accounts for around 24% of Samsung's total workforce in South Korea. Over 6,000 workers expressed their intention to participate in the strike kick-off rally. However, the police estimate that just 3,000 members attended the rally.
Despite the ongoing strike, Samsung says factory production hasn't halted, and there have been no disruptions. The South Korean firm said last month that the , the company's cash cow. The workers' union warned that it would go on another five-day strike, starting July 15, if no progress is made on the matter during the strike.
Currently, Samsung is at a crucial stage, facing challenges on multiple fronts. A few months ago, its semiconductor chip business suffered its biggest loss in its history. Its HBM3E chips still .
The company's smartphone market share is being . Its huge bet on foldable phones hasn't paid as well as the company had expected.
The company is expected to announce multiple new products, including the and the , at its next Galaxy Unpacked event in Paris tomorrow. It remains to be seen if its upcoming foldable phones can help it reach its annually.
The post appeared first on .
Thousands of Samsung employees are on strike to demand higher pay
According to a report from , thousands of Samsung employees who are a part of the National Samsung Electronics Union (NSEU) halted their work for the second day in a row. They have demanded a higher pay raise, an improved bonus, and a vacation system. However, Samsung said the market conditions aren't favorable for that to happen.
NSEU, with over 30,000 members, is the largest workers' union at . It accounts for around 24% of Samsung's total workforce in South Korea. Over 6,000 workers expressed their intention to participate in the strike kick-off rally. However, the police estimate that just 3,000 members attended the rally.
Despite the ongoing strike, Samsung says factory production hasn't halted, and there have been no disruptions. The South Korean firm said last month that the , the company's cash cow. The workers' union warned that it would go on another five-day strike, starting July 15, if no progress is made on the matter during the strike.
Currently, Samsung is at a crucial stage, facing challenges on multiple fronts. A few months ago, its semiconductor chip business suffered its biggest loss in its history. Its HBM3E chips still .
The company's smartphone market share is being . Its huge bet on foldable phones hasn't paid as well as the company had expected.
The company is expected to announce multiple new products, including the and the , at its next Galaxy Unpacked event in Paris tomorrow. It remains to be seen if its upcoming foldable phones can help it reach its annually.
The post appeared first on .