SeoulA union of Samsung Electronics staff in South Korea started a three-day strike within the early hours of Monday and warned it may take additional motion in opposition to the nation’s strongest conglomerate at a later date.
The Nationwide Samsung Electronics Union (NSEU), whose roughly 28,000 members account for greater than a fifth of the corporate’s workforce in South Korea, is demanding the corporate enhance its efficiency bonus system and grant staff an additional day of annual go away.
It was not clear what number of staff had joined the strike, however the union’s survey discovered that about 8,100 members had indicated their intention to strike by Monday morning.
Lee Hyun-kuk, a prime union chief, stated in a YouTube broadcast final week that one other spherical of strikes may happen after the three-day strike ends if staff’ calls for usually are not heard.
Analysts say the strike is unlikely to have a significant affect on chip manufacturing as a lot of the manufacturing on the world’s largest reminiscence chip maker is automated.
Final month, the union organised a strike utilizing its annual go away, its first such industrial motion, however the firm stated on the time that there was no affect on manufacturing or enterprise.
Whereas it would have little affect on manufacturing, the labor transfer reveals decrease workers loyalty at one of many world’s prime chip and smartphone makers, analysts say, including one other drawback for Samsung because it navigates cutthroat competitors in chips used for synthetic intelligence functions.
Samsung on Friday estimated a greater than 15-fold rise in second-quarter working revenue as a rally in semiconductor costs pushed by the AI growth lifted earnings from a low base a yr in the past, however its share value efficiency has lagged South Korean chip rival SK Hynix.
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– 2024-07-08 06:52:02
