Samsung Electronics workers to strike on Jul 8 to Jul 10, union official says

A worker waters a flower bed next to the logo of Samsung Electronics during a media tour at Samsung Electronics' headquarters in Suwon, South Korea, Jun 13, 2023. SEOUL, July 2 - A workers' union at Samsung Electronics in South Korea has called a strike for Jul 8 to Jul 10, a union official said on Tuesday , as it steps up industrial action against the country's most valuable company.

Son Woo-mok, leader of the union, said late on Monday that the union wants a more transparent system for bonuses and time off, and wants the company to treat it as an equal partner.Its share price was unaffected, rising 0.1 per cent in morning trade versus a 0.7 per cent decline in the benchmark price index.

The strike itself is unlikely to have a major impact on chip output as most production at the world's biggest memory chipmaker is automated, two analysts told Reuters. "Chip production cannot proceed with replacement workers" if people who operate the automated machines walked out for a long time"because of the specificity and expertise of the work," Kim said.

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