Samsung workers extend strike ‘indefinitely’


<p>JUNG YEON-JE / AFP via Getty Images</p>
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JUNG YEON-JE / AFP via Getty Images

Main conclusion

  • Samsung’s national electronics union has extended a three-day work stoppage “indefinitely,” the union said on Wednesday.

  • The group of 30,000 members is demanding a 3.5% pay increase and more transparency about pay.

  • Samsung management reportedly claims that chip production has not been disrupted, which the union disputes.

Workers at Samsung Electronics in South Korea have extended an ongoing strike “indefinitely,” a statement from the union published on Wednesday.

The National Samsung Electronics Union (NSEU), which represents about 30,000 members, announced a three-day work stoppage on Monday after the two sides failed to agree on wage increases, bonuses and vacations after several rounds of negotiations. CNBC reported. The group’s specific demands include a 3.5% wage increase and improved transparency in payment.

‘Don’t get tired’

The union’s statement, written in Korean, had a clear message for its members, according to a translation: “Don’t get tired.” The strike is the first in Samsung’s 55-year history, CNBC reported.

The NSEU has said the strike has disrupted chip production, a fact that Samsung management disputes. the world’s best smartphone provider told local media that no disruptions occurred during the first two days of the strike, adding on Wednesday that it will “ensure that there will be no disruptions to production lines” as long as the strike continues, CNBC reported.

Read the original article at Investopedia.

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