Samsung Workers in South Korea Strike Over Pay Dispute

Thousands of Samsung Electronics workers in South Korea went on strike on Monday, demanding better pay and working conditions amid a prolonged dispute over annual wage negotiations. The strike, which involved around 25,000 members of the Samsung Electronics workers’ union, disrupted production at major semiconductor plants and other facilities. The union is seeking an increase in the basic pay of workers, improved benefits, and better working conditions. Samsung, one of the world’s largest chipmakers, has been struggling with a global semiconductor slump and rising costs. The company has offered a wage increase but the union rejected the proposal, leading to the strike action. The labor dispute highlights the growing tensions between workers and companies in South Korea’s tech industry, where long working hours and intense competition have been longstanding issues. Both sides are under pressure to reach a resolution as the strike could further impact Samsung’s operations and the broader tech supply chain.

Source: https://www.cnn.com/2024/05/29/tech/south-korea-samsung-union-strike-pay-negotiations-hnk-intl/index.html