The National Samsung Electronics Union announced it will stage its first-ever one-day walkout on 7 June, demanding higher wages, an extra day of annual leave and more transparent performance bonuses. Samsung Electronics shares fell 3.1% on Wednesday after the announcement, amid the company's difficulties in its semiconductor business.
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plans to stop work for a day on 7 June as part of their demands for higher wages.
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We can no longer tolerate labour repression, union repression
The company has been saying they are facing crisis all along for the past 10 years.
We will sincerely engage in discussions with the union.
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The National Samsung Electronics Union (NSEU), which represents approximately 28,000 members—over one-fifth of the company's total workforce—plans to stop work for a day on 7 June as part of their demands for higher wages.
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The union's demands include a wage increase beyond the 5.1% hike announced by Samsung this year, an additional day of annual leave, and more transparent performance-based bonuses.
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In light of the strike news, shares of Samsung Electronics fell by 3.1% on Wednesday, compared to a 1.7% decline in the benchmark KOSPI index.
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In light of the strike news, shares of Samsung Electronics fell by 3.1% on Wednesday, compared to a 1.7% decline in the benchmark KOSPI index.
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In recent weeks, employees have been holding intermittent protests outside Samsung's offices in Seoul and its chip production site in Hwaseong.
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The union criticised Samsung for failing to propose a compromise during negotiations held the previous day.
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Last week, the company replaced the head of its semiconductor unit, citing the need for new leadership to navigate the current industry “crisis.”
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