Samsung Electronics’ largest union will hold an indefinite strike, demanding higher wages and improved benefits

This website reported on July 10 that Bloomberg reported that Samsung Electronics’ largest union, the National Samsung Electronics Union of Korea, announced today that it would hold an indefinite strike due to “confirmation that the company management has no intention of dialogue.”

The National Samsung Electronics Union in South Korea has more than 30,000 members, accounting for approximately 24% of Samsung Korea’s total employees.

Since July 8, more than 6,500 workers at Samsung Electronics have gone on strike, demanding higher wages and performance adjustments. The strike was originally scheduled to last for three days; on the 9th, the union warned that if management Failure to submit an offer by Wednesday will result in an indefinite strike.

According to previous reports on this site, the dispute between workers and Samsung mainly revolves around the following two points:

• Salary increase is too low: The Korean National Samsung Electronics Union believes that the 5.1% increase is too low and demands that the salary increase be increased to 6.5%.
• Performance bonus system: The labor union requires Samsung Electronics to adjust the measurement standard for performance bonuses from economic value added (operating net profit after tax minus capital investment) to the same calculation as SK Hynix and LG Electronics. Profit calculation.

Yonhap News Agency reported yesterday that Samsung stated that the current market situation is not conducive to meeting these requirements, and that factory production has not stalled or experienced any interruptions.

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