Samsung Electronics union calls first-ever strike | EUROtoday

A union representing 1000’s of staff at Samsung Electronics has known as the primary strike on the South Korean know-how big because it was based 5 and a half a long time in the past.

The National Samsung Electronics Union says it is going to maintain a one-day protest by asking all of its members to make use of their paid go away on 7 June and has not dominated out a full-scale strike sooner or later.

The union says its has about 28,000 members, accounting for greater than a fifth of the corporate’s whole workforce.

Samsung Electronics says it is going to proceed to barter with the union.

“We can’t stand persecution against labour unions anymore. We are declaring a strike in the face of the company’s neglect of labourers,” a union consultant mentioned throughout a live-streamed information convention.

Samsung Electronics’ administration has been in talks with the union because the begin of this 12 months over wages, however the two sides have to this point did not strike a deal.

The union has demanded a 6.5% pay rise and a bonus pegged to the corporate’s earnings.

Samsung Electronics is the world’s largest maker of reminiscence chips, smartphones and televisions.

Analysts have warned {that a} full-scale strike might have an effect on the agency’s pc chip manufacturing and influence the worldwide provide chains of electronics.

Samsung Electronics is the flagship unit of South Korean conglomerate Samsung Group. It is the largest of the nation’s family-controlled companies that dominate Asia’s fourth-largest financial system.

Samsung Group was recognized for not permitting unions to characterize its staff till 2020 when the corporate got here beneath intense public scrutiny after its chairman was prosecuted for market manipulation and bribery.

Samsung Electronics’ shares have been buying and selling about 1.8% decrease in Seoul after the announcement.

With further reporting by Jake Kwon in Seoul