Employees at Samsung Electronics Co., Ltd. SSNLF reportedly started a three-day strike on Monday, demanding better pay.
The union has warned of additional actions if South Korea’s largest conglomerate does not fulfill thier demands, reported Reuters.
The National Samsung Electronics Union (NSEU), representing about 30,000 members or a quarter of the South Korean workforce, is also seeking an extra day of annual leave and modifications to the bonus system.
Union officials are advocating for fairness in bonuses: rank-and-file workers’ bonuses are based on operating profit minus capital costs, while executives’ bonuses hinge on personal performance targets, reported Reuters.
According to the report, analysts believe that low participation and automated production will likely prevent the strike from significantly affecting the company’s output.
Union president Son Woo-mok refuted such claims, stating to Reuters that the five-year-old union had not adequately educated its members about the issues.
Lee told Reuters that Samsung’s proposals offer flexibility in pay and annual leave conditions but do not meet the union’s demands for higher pay and increased leave.
Meanwhile, the world’s biggest memory chipmaker confirmed that production remained unaffected.
Notably, last month, the union’s initial industrial action involved coordinating annual leave for a mass walkout, which Samsung stated did not impact business activity.
Last month, Samsung announced a special promotion for its upcoming Galaxy Z Fold and Z Flip phones, offering a $50 credit to customers who reserve the devices ahead of their official release.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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