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Samsung Workers Union Holds Three-day Strike in S. Korea


Mon 08 Jul 2024 | 07:44 AM
Taarek Refaat

Samsung Electronics (005930.KS), opens new tab workers in South Korea began a three-day strike for better pay on Monday, with their union flagging further action against the country's biggest conglomerate should demands not be met.

The National Samsung Electronics Union (NSEU), whose roughly 30,000 members make up over about 24% of the firm's South Korean workforce, also wants an extra day of annual leave for unionised workers.

Lee Hyun-kuk, a senior union leader, said last week that there could be another round of strikes if demands this time are not heard.

Union officials have called the company's bonus system unfair, in that it is calculated by deducting the cost of capital from operating profit.