Samsung union goes on first-ever strike over wagesBloombergThe largest union at Samsung Electronics Co went on a strike for the first time in the company’s 55-year history, with the standoff over pay so entrenched that the two sides have stopped all discussions. The National Samsung Electronics Union, the largest of the tech giant’s several unions with about 28,400 workers, encouraged members to take a single day off yesterday, which fell between a Thursday public holiday and the weekend. We are not ruling out an all-out general strike.”Samsung Electronics’ union members hold placards during a rally outside a company building in Seoul yesterday. They fear they might not get bonuses again this year even if the division returns to profit, said union leader Son Woo-mok. Historically, bonuses make up a significant portion of a worker’s pay, so missing out on such money can mean a meaningful reduction in compensation.

Source: Taipei Times June 08, 2024 02:13 UTC