Workers at Samsung Electronics go on strike for the first time ever

A labor union representing tens of thousands of workers at Samsung Electronics in South Korea went on strike on Friday, marking the first such walkout in the smartphone and chipmaking giant’s 55-year history. The Nationwide Samsung Electronics Union said last week that its 28,000 members — just under a quarter of the company’s total workforce in the country — would stage a strike on June 7, following failed negotiations over pay and bonus arrangements.

A Samsung spokesperson told CNN that, “there is no impact on production and management activities” as a result of the one-day strike. “Today’s annual leave use rate is lower than last year’s Memorial Day holiday’s annual leave use rate,” the spokesperson added. The world’s biggest memory chipmaker has had a rough few years.

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Samsung Electronics' union threatens first ever walkout next weekA Samsung Electronics union in South Korea will stage its first ever walkout over demands for higher wages, union officials said on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »

Samsung Electronics' union set to stage first walkout on FridaySamsung Electronics' union set to stage first walkout on Friday
Source: Investingcom - 🏆 450. / 53 Read more »

Samsung Electronics picks veteran executive to tackle 'chip crisis' amid AI boomSamsung Electronics picks veteran executive to tackle 'chip crisis' amid AI boom
Source: Investingcom - 🏆 450. / 53 Read more »

Samsung Electronics names new chief for semiconductor business as AI chip race heats upThe firm aims 'to strengthen its competitiveness amid an uncertain global business environment,' Samsung Electronics said.
Source: CNBC - 🏆 12. / 72 Read more »

Samsung Electronics names new chief for semiconductor business as AI chip race heats upThe reshuffle came as the firm aims “to strengthen its competitiveness amid an uncertain global business environment,” Samsung Electronics said in a…
Source: NBCNewYork - 🏆 270. / 63 Read more »