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Search resuls for: "National Samsung Electronics Union"

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Workers at South Korean tech giant Samsung Electronics will extend an unprecedented strike over pay and benefits "indefinitely," its labor union said in a statement on Wednesday. This is the first strike by the labor union in Samsung Electronics' entire 55-year history, according to local media. "The company remains committed to engaging in good faith negotiations with the union," Samsung said. The NSEU, which extended the strike saying Samsung management was not keen on holding discussions, asserted the strike had disrupted chip production. Samsung Electronics is the world's largest maker of memory chips, commonly found in consumer devices such as smartphones and laptops.
Persons: Samsung, Yonhap, – CNBC's Lim Hui Jie Organizations: National Samsung Electronics Union, Workers, South, Samsung Electronics, Samsung, Hyundai Motor, Korean Locations: Hwaseong, South Korean
Seoul/New Delhi CNN —The largest labor union at Samsung Electronics in South Korea has declared an indefinite strike after a three-day walkout failed to yield any ground in a tense dispute between workers and the tech giant over pay and bonuses. The announcement Wednesday follows a strike earlier this week involving 6,000 workers, mainly from the company’s semiconductor division, according to the union. The National Samsung Electronics Union (NSEU) said that its 31,000 members — representing a nearly quarter of the company’s total workforce in the country — would launch an indefinite strike from July 10 — the largest labor action in the smartphone and chipmaking giant’s 55-year history. Samsung Electronics said last week that it estimates a more than 15-fold rise in its second-quarter operating profit, as compared to the same time previous year. Jung Yeon-je/AFP/Getty ImagesThe workers want this optimism reflected in their pay.
Persons: Jung Yeon, Son Woomok, chipmaker, , Woomok Organizations: New Delhi CNN, Samsung Electronics, National Samsung Electronics Union, Getty, CNN Locations: Seoul, New Delhi, South Korea
Samsung Electronics' union threatens first ever walkout next week
  + stars: | 2024-05-29 | by ( )   time to read: +4 min
A Samsung Electronics union in South Korea will begin escalating strike action next week by staging the first ever walkout over demands for higher wages, union officials said on Wednesday. The National Samsung Electronics Union (NSEU), which has about 28,000 members, or more than a fifth of the company's total workforce, said it will stop work for one day on June 7 as part of broader protest measures. Samsung Electronics said in a statement on Wednesday: "We will sincerely engage in discussions with the union." Responding to Wednesday's proposed strike, a coalition of five unions at Samsung affiliates including another Samsung Electronics union questioned the intention behind the strike plan, indicating they would not join the move. Shares of Samsung Electronics closed down 3.1% on Wednesday, compared with the benchmark KOSPI's 1.7% fall.
Persons: Son Woo, mok, NSEU, Wednesday's, Jay Y, Lee Organizations: Samsung, Samsung Electronics, National Samsung Electronics Union, South, Workers Locations: Seoul, South Korea, Hwaseong
Samsung is facing a testing time with profit slumping due to weak demand for its memory chips. An influential Samsung Electronics workers union on Thursday warned that its members could walk out over a wage dispute in what could be the South Korean tech giant's first strike in its history. The National Samsung Electronics Union claims that Samsung management has cut the union out of wage negotiations. If the walkout goes ahead, it would be the first strike since the founding of Samsung Electronics in 1969. Samsung Electronics encompasses Samsung's consumer hardware, semiconductor, display and mobile carrier businesses.
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