Samsung Electronics union to hold strike

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SEOUL – A major union representing tens of thousands of people at South Korean tech giant Samsung Electronics said on Wednesday that workers will go on strike for the first time ever, potentially threatening key global semiconductor supply chains.

A spokesman said union members, around 20 percent of the company workforce, would use annual leave to strike for one day on June 7, leaving the door open for a potential general strike down the road.Samsung Electronics is one of the world's largest smartphone makers and also one of several companies globally to produce high-end memory chips used for generative AI , including top-of-the-line AI hardware from industry leaders such as Nvidia.

People walk past the Samsung logo at the company’s Seocho building in Seoul on April 30, 2024. A major union representing tens of thousands of people at South Korean tech giant Samsung Electronics announced on May 29, 2024 they will be holding their first-ever strike over wages. AFP PHOTOManagement at the firm, the world's biggest producer of memory chips, has been locked in negotiations with the union since January over wages, but the two sides have failed to narrow their differences.

 

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