SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

News For You
News For You
Notifications

Samsung Display workers may soon strike as wage negotiations keep failing

Business
By 

Last updated: March 24th, 2023 at 12:45 UTC+01:00

Samsung Display might soon have to halt operations due to a looming labor strike. The 10th round of wage negotiations “rendered no results,” say unionized workers who plan to file a request for dispute resolution with the National Labor Relations Commission (NLRC).

The labor union previously put forth 26 demands, but Samsung Display accepted only two. Workers demand a wage increase, but Samsung's management couldn't offer more than a 2% increase.

Furthermore, union members requested an increase in payable hours of 11,000 per every 1,800 workers, but Samsung Display says the figure should be limited to 7,000 hours.

The negotiations have been in deadlock for months, and market watchers – and Samsung itself – said today that laborers might strike if nothing is resolved (via The Korea Times).

Because negotiations so far haven't rendered any results, unionized Samsung workers are now seeing assistance from the National Labor Relations Commission to mediate settlements on wages, working hours, and employee benefits.

Should workers go on strike, it's unclear how this would affect Samsung Electronics' plans for the second half of the year across the TV, smart monitor, and smartphone segments. Samsung recently launched its latest Neo QLED TV lineup and is expected to release the Galaxy Z Fold 5 and Z Flip 5 later this year.

BusinessDisplay Samsung Display
Galaxy AI summarized

Scroll for more related content
News For You

You might also like

Samsung’s profit surged 15x in Q2 2024, thanks to the AI boom

Samsung’s profit surged 15x in Q2 2024, thanks to the AI boom

Samsung has had a rough couple of years, but the company has emerged with full force to ride the AI boom. The company revealed that it expects its Q2 2024 operating profit to surge 15x, thanks to strong sales of semiconductor chips. These figures are better than market estimates. Samsung's Q2 2024 profit could be […]

  • By Asif Iqbal Shaik
  • 2 weeks ago
In a global first, Samsung Display gets Pantone Validated for panels

In a global first, Samsung Display gets Pantone Validated for panels

Samsung Display is one of the world's leading display makers and the company continues to make efforts to further improve the quality and competitiveness of its display products. Industry certifications are a great way for the company to showcase the quality of its products. If it becomes the first in its industry to pick up […]

  • By Adnan Farooqui
  • 2 weeks ago
Samsung’s new OLED display to power next-gen iPhone and Pixel

Samsung’s new OLED display to power next-gen iPhone and Pixel

Samsung is not only the world's biggest smartphone brand but also the world's biggest maker of mobile OLED panels. Apple uses Samsung Display's best OLED panels each year in high-end iPhones. And the same is expected to be true for the next-generation iPhone series, the iPhone 16. iPhone 16 and Pixel 9 could use Samsung's […]

  • By Asif Iqbal Shaik
  • 2 weeks ago
Samsung is falling behind LG in laptop OLED displays

Samsung is falling behind LG in laptop OLED displays

One of the biggest developments in OLED displays in the last couple of years is the tandem OLED technology, which uses two layers of OLED panels to offer higher brightness and increased longevity. Honor’s Magic 6 Ultimate was the first mass-market device to offer an OLED display with this technology. However, tandem OLED was popularised […]

  • By Abid Iqbal Shaik
  • 3 weeks ago
Samsung launches 2024 Odyssey OLED G8 34-inch gaming monitor

Samsung launches 2024 Odyssey OLED G8 34-inch gaming monitor

Samsung Electronics’ first monitor with Samsung Display’s QD-OLED display panel was the  Odyssey OLED G8 34-inch S34BG85 (also known as G85SB), which the company launched last year. Since then, the tech giant has launched three more gaming monitors with QD-OLED display panels, the Odyssey OLED G9 49-inch, Odyssey OLED G8 32-inch, and Odyssey OLED G6 […]

  • By Abid Iqbal Shaik
  • 4 weeks ago
Samsung’s QD-OLED panel makes its way into another Philips gaming monitor

Samsung’s QD-OLED panel makes its way into another Philips gaming monitor

Last year, Philips joined the bandwagon of brands launching gaming monitors with Samsung Display’s QD-OLED display panels by launching the Evnia 34M2C8600. Now, the company has launched a more affordable version of that model, the Evnia 34M2C6500, and it also uses Samsung Display’s QD-OLED display panel. There are three differences between the Evnia 34M2C8600 and […]

  • By Abid Iqbal Shaik
  • 4 weeks ago