Samsung workers stage 3-day strike over wages and benefits

Tens of thousands of workers at Samsung Electronics, a major tech giant, began a three-day strike on Monday after negotiations with management collapsed.

Ekleme: 08.07.2024 15:35:54 / Güncelleme: 08.07.2024 15:35:54 / English News
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The strike, which is the largest organized labor action in the company's history, is aimed at demanding better wages and benefits.

The National Samsung Electronics Union, representing over 28,000 employees, announced the strike last week as a last resort after talks failed to reach an agreement. This follows a one-day walkout in June, which was the first collective action at the company.

The dispute centers on wages and benefits, with workers rejecting a 5.1% pay raise offered by management. The union is seeking improvements to annual leave and transparent performance-based bonuses.

Samsung Electronics is the world's biggest producer of memory chips and a major player in the global semiconductor market. The strike has the potential to disrupt production and impact South Korea's exports, where semiconductors are a leading category. (ILKHA)