Samsung Management, Union Settle Wage Issue After Minister Holds Talks

Samsung management, union settle wage issue after Minister holds talks

An amicable settlement was reached between the parties on issues relating to wage hikes; as per the agreement, workers will get an overall wage hike of ₹18,000 from April 1, 2025 to March 31, 2028

Samsung Management, Workers Reach Agreement on Wage Hike, Says TN Minister

Get latest articles and stories on India at LatestLY. The discord between the Samsung workers affiliated to the Samsung India Thozhilalar Sangam and the company management over wage hike has been amicably resolved with the company agreeing to hike the wages, Tamil Nadu Labour Minister C V Ganesan informed on Monday. India News | Samsung Management, Workers Reach Agreement on Wage Hike, Says TN Minister.

The labor market forecast promises an increase in employment, but very slowly. The new labor minister still doesn't want to call the situation a disappointment.

Samsung Electronics And Workers Reach Pact On Wage Hike, Promotions

Samsung Electronics and its long protesting workers have reached a pact on wage hikes, promotions and other incentives after the Tamil Nadu government intervened to broker peace. The electronics major has agreed to pay a salary hike of Rs 18,000 over the next three years — Rs 9,000 in 2025–26 and Rs 4,500 each in 2026–27 and 2027–28. A special pay of Rs 1,000–4,000 will be given based on experience over a period of three years, according to a re…