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Workers' union at Samsung Electronics in South Korea has scheduled a strike from July 8-10, intensifying its industrial action against the company. The union seeks transparency in bonuses and time off policies and desires equal treatment from #Samsung. Despite the #strike announcement, Samsung declined to comment. Analysts believe the strike's impact on chip production may be limited due to automation but acknowledge potential disruptions depending on participation levels at chip plants. The strike follows a recent increase in #union membership and previous industrial actions, reflecting growing discontent over wages and compensation compared to industry peers. Follow Amanda Newman to stay up to date with technology. https://lnkd.in/e7jHsif4

📢📢📢HONENG DAILY NEWS OF SEMICONDUTOR (2024.04.12) ☑️Samsung Electronics union Strikes ! ☑️According to Korean media reports, the Samsung Electronics union voted to hold a collective strike on April 17. After voting, 74% of union members supported the strike! ☑️Samsung may be facing its first strike since its founding in 1969. The union demands that the company raise wages, increase paid leave and pay dividends.If Samsung is willing to amend regulations and increase dividends, it will be willing to accept a 5.1% salary increase. ☑️Samsung had disputes with labor unions over wage increases in 2022 and 2023, but both times did not lead to strikes.The union plans to hold a peaceful strike at the Samsung DSR Tower in Hwaseong City on April 17, and will summon about 1,000 members to participate.However, Samsung and the union will continue to dialogue in the hope of finding a solution and avoiding a strike. ☑️Please keep focus on our daily news ! Lets track the latest market news .Contact us and get quotes for the components you need. [email protected] www.honengelec.com

🔔 Industry Update: Samsung Electronics Union Strike in South Korea 🔔 🔗 https://lnkd.in/erauUmnP At Direct Components, Inc., we closely monitor industry developments that could impact our customers and partners. Recently, Reuters reported another strike declared by Samsung Electronics' union in South Korea.   These labor movements highlight the critical importance of fair labor practices and open dialogue between employees and management. As a company committed to fostering strong relationships and delivering reliable service, we understand the potential ripple effects such strikes can have on the supply chain and the broader electronics industry. This situation is expected to create challenges for Samsung's AI semiconductors.   Our team at Direct Components, Inc. remains dedicated to navigating these challenges and ensuring that our customers continue to receive the components they need without disruption. Whether you are looking to improve lead-time with immediate delivery or need safety stock to avoid any disruptions in your supply chain, we are here to support you and provide solutions in these dynamic times.   Stay informed, stay prepared, and trust in our commitment to excellence.   #SupplyChain #AI #semiconductors #electroniccomponents

Reuters: "Samsung Electronics union in South Korea declares general strike" (Ju-min Park and Heekyong Yang) (July 1, 2024)  A workers' union at Samsung Electronics in South Korea said on Monday it would launch a general strike until its demands for better pay and time off were met, warning of more damaging action against the country's most powerful conglomerate than its one-day walkout last month. The National Samsung Electronics Union (NSEU), whose roughly 28,000 members make up over a fifth of the firm's workforce, is planning to begin the strike on July 8, asking the company for commitments such as improvements to its performance-based bonus system and an extra day of annual leave. "We are declaring a general strike today," Son Woo-mok, president of NSEU, said on a live YouTube broadcast. "Until our demands are met, we will fight with the 'no pay no work' general strike." The union will provide more details regarding the strike on Tuesday, it said in a statement. Samsung Electronics did not provide an immediate comment. Last month, the union staged a walkout by using an annual leave, its first such industrial action, but the company at the time said there was no impact on production or business activity. As the world's top memory chipmaker and a major global smartphone maker, Samsung Electronics' run of success is being challenged in some areas, including in some cutting-edge chips. It recently replaced the head of its semiconductor unit to navigate what it called a "crisis" affecting the industry. Any larger scale or protracted industrial action would be a headache for Samsung as it scrambles to catch up with rivals making high bandwidth memory (HBM) chips used in AI applications. Union membership increased rapidly after Samsung in 2020 pledged to end to its practice of discouraging the growth of organised labour. Reuters: https://lnkd.in/gWvDZc3p #samsung #strike #labor #laborunion #union

Are we going to face again CHIP shortage 😢😢😢 *Thousands of workers at Samsung Electronics, the world’s largest chip maker and Korea’s biggest company, have launched an indefinite strike. Originally planned as a three-day action, the strike has extended indefinitely after management refused to engage in talks with the workers.* *So far, over 6,540 members of the National Samsung Electronics Union (NSEU), the largest union at Samsung Electronics, have participated in the strike. The union represents about 30,000 workers, or 24% of all Samsung employees. The union’s demands include a 5.6% basic pay raise for all members, a guaranteed day off on the union’s founding day, and compensation for economic losses due to the strike.* *Despite Samsung’s claims that the strike has not impacted production, the union reports disruptions on chip lines and that some equipment is running slower.*

New Post: Samsung Electronics union calls first-ever strike - https://lnkd.in/gthavxte A union representing thousands of workers at Samsung Electronics has called the first strike at the South Korean technology giant since it was founded five and a half decades ago.The National Samsung Electronics Union says it will hold a one-day protest by asking all of its members to use their paid leave on 7 June and has not ruled out a full-scale strike in the future.The union says its has about 28,000 members, accounting for more than a fifth of the company's total workforce.Samsung Electronics says it will continue to negotiate with the union.“We can’t stand persecution against labour unions anymore. We are declaring a strike in the face of the company’s neglect of labourers,” a union representative said during a live-streamed news conference.Samsung Electronics' management has been in talks with the union since the start of this year over wages, but the two sides have so far failed to strike a deal.The union has demanded a 6.5% pay rise and a bonus pegged to the company's earnings.Samsung Electronics is the world's largest maker of memory chips, smartphones and televisions.Analysts have warned that a full-scale strike could affect the firm's computer chip manufacturing and impact the global supply chains of electronics.Samsung Electronics is the flagship unit of South Korean conglomerate Samsung Group. It is the biggest of the country's family-controlled businesses that dominate Asia’s fourth-largest economy.Samsung Group was known for not allowing unions to represent its workers until 2020 when the company came under intense public scrutiny after its chairman was prosecuted for market manipulation and bribery.Samsung Electronics' shares were trading about 2% lower in Seoul after the announcement.With additional reporting by Jake Kwon in Seoul #Samsung #Electronics #union #calls #firstever #strike

The National Samsung Electronics Union (#NSEU) in South Korea, representing about 28,000 workers, plans to escalate strike actions over demands for higher wages. They will stage their first-ever walkout on June 7, following protests outside company offices. The union seeks additional benefits beyond the company's proposed 5.1% wage increase. Despite Samsung Electronics' willingness to engage in discussions, the union accuses the tech giant of failing to present a compromise plan. The strike action comes amid challenges in Samsung's business, including leadership changes in its semiconductor unit and legal issues involving its chairman. The rise in union membership reflects worker frustration with Samsung's recent competitiveness issues. However, a coalition of smaller unions questions the motive behind the strike, indicating they won't join. Follow Amanda Newman to stay up to date with technology. https://lnkd.in/evYBxf2H

Samsung Electronics' Unionised Workers Announce Indefinite Strike in South Korea: Tap link belwo to read more about this strike and how it can potentialy impacts the Global Chip Supply: https://lnkd.in/d-nRKZCB #modernopulentmagazine #modernopulentbusiness #modernopulenthbusinessnews #businessnews #samsungstrike #globalbusiness #globalbusinessnews #modernopulentgazette #business

Samsung, one of the world's largest electronics companies, is facing its second week of 'indefinite' labor disruption as the National Samsung Union announces more strike action. What can organizations do to prevent this? Share your thoughts on creating a supportive and fair workplace to avoid labor disruptions! 🌟 #LaborRelations #EmployeeEngagement #FairWorkplace #HRBestPractices #Leadership