Over 47,000 Samsung Electronics workers set to strike as wage talks break down, sending shares lower
More than 47,000 workers plan to join the walkout as Samsung warns the strike could disrupt semiconductor supply and cost up to 100 trillion won.
- Samsung Electronics labor unions will launch an 18-day strike on Thursday, with more than 47,000 members set to join the walkout after mediation efforts collapsed.
- Negotiations ended Wednesday after labor and management failed to agree on performance bonuses; union leader Choi Seung-ho claimed unions accepted mediation, while Samsung blamed 'excessive demands' for the breakdown.
- Suwon District Court mandated minimum staffing for safety operations, and Samsung ordered at least 7,087 employees to maintain wafer deterioration prevention during the strike period.
- The government is reviewing 'emergency arbitration of industrial action' to suspend the strike for 30 days, forcing binding arbitration through the National Labor Relations Commission if mediation fails.
- Industry officials estimate losses of 1 trillion won daily, warning that supply disruptions could shift demand to rivals like Micron and trigger sharp DRAM price spikes.
30 Articles
30 Articles
Due to a dispute over record bonuses, around 48,000 employees at Samsung are threatening to lay down their jobs.This could further burden the global chip supply chains.At the world's largest semiconductor manufacturer, Samsung Electronics, around 48,000 union-organized employees have threatened an 18-day general strike.The strike planned for Thursday would be by far the largest in the company's history. Background is a conflict over the amount o…
A massive social movement begins on Thursday at Samsung Electronics memory chips giant, raising concerns about the impact on global production and South Korean growth.
South Korea's largest company, Samsung Electronics, cannot reach an agreement with employees on bonus payments.
Samsung strike to disrupt supply of semiconductors
Samsung Electronics’ management and its labour union have failed to reach a deal, setting the stage for 48,000 workers to walk off the job. The strike starting on Thursday threatens the health of South Korea’s economy and will likely disrupt the global supply of semiconductors. Under intense pressure from the government and business groups to avert a strike, the two sides had sought to hash out a deal on bonus payments before the 18-day …
(Seoul/Sejong = Yonhap News) Reporters Cho Seong-heum, Han Hye-won, Ok Seong-gu, and Kang Tae-woo = Wage negotiations between Samsung Electronics management and labor failed to reach an agreement even during the government's post-mediation process the day before the strike...
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