Samsung Union Plans Historic Strike Over Wage Dispute

1 min read
Source: Reuters
Samsung Union Plans Historic Strike Over Wage Dispute
Photo: Reuters
TL;DR Summary

The National Samsung Electronics Union (NSEU) in South Korea plans to stage its first-ever walkout on June 7, demanding higher wages and better working conditions. This action follows the company's decision to increase wages by 5.1%, which the union deems insufficient. The strike will affect all Samsung sites in South Korea, although other smaller unions have not committed to joining. The move comes amid broader challenges for Samsung, including a slump in its semiconductor business and legal issues.

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