Be quick, CYBER MONDAY deals! Galaxy Watch 7, Samsung TV, Galaxy Buds 3 Pro and Galaxy S24 Ultra.

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

Worker strike looms over Samsung as salary negotiations falter

Business
By 

Last updated: March 7th, 2024 at 12:57 UTC+01:00

Samsung Electronics may have to deal with a worker strike if no progress is made on salary negotiations between the company and the labor union. The union is now threatening a strike if Samsung Electronics doesn't meet their demands.

The labor union is asking for a significant salary increase. While Samsung has offered them an increase, there's a considerable gap in the percentage that the union is asking for and what Samsung is willing to offer.

Samsung's labor union could go on strike for the first time in 55 years

No agreement could be reached during the first mediation meeting between Samsung Electronics and the National Samsung Electronics Union held at the Central Labor Commission in the Government Complex, Sejong. The second round of negotiations is going to take place tomorrow.

The labor commission will listen to arguments from both parties and look into the relevant facts prior to the main mediation session where a settlement plan would be proposed. If the proposal is accepted by both parties, it would bring to an end a long-standing dispute between the two parties, if not, the union will get the right to go on strike.

Samsung is offering a 2.8% salary increase in addition to an expansion of long-term service leave and fertility leave as well as spouse comprehensive examinations. The company has improved its offer from the 2.5% increase it had previously offered. However, it still falls short of the 8.1% increase that the labor union is demanding.

If the negotiations fall through and the union gets the right to strike goes through with it, it would be the first time in 55 years that the union strike. It had previously secured the right to go on strike in 2022 but didn't actually follow through on it.

Business Samsung Electronics
Galaxy AI summarized

Scroll for more related content
News For You

You might also like

All the Cyber Week 2024 deals Samsung doesn’t want you to miss

All the Cyber Week 2024 deals Samsung doesn’t want you to miss

Samsung's Cyber Week sales event, which traditionally follows the Black Friday weekend, kicked off yesterday. For this Cyber Week, Samsung has refreshed some of its Black Friday deals and launched a bunch of new ones. The following list contains all the Samsung Cyber Week deals everyone should know about. Just a heads-up, the company says […]

  • By Mihai Matei
  • 20 hours ago
Samsung trademarks ‘Moderate Bass’ for TVs and soundbars

Samsung trademarks ‘Moderate Bass’ for TVs and soundbars

We discovered a new trademark application Samsung filed with the UK Intellectual Property Office last week. The trademark concerns something Samsung calls “Moderate Bass.” In a broad sense, this new trademark applies to TVs, soundbars, speakers, and downloadable software for controlling TVs. Whatever it is, it seems like an audio technology or a setting that […]

  • By Mihai Matei
  • 2 days ago
The ultimate Samsung Holiday Gift Guide for 2024

The ultimate Samsung Holiday Gift Guide for 2024

The end of 2024 is over the horizon, and Black Friday has kicked off the holiday shopping season. For many, the time has come to prepare gifts for family and friends or to renew themselves with some of the latest tech available. If you're looking for a bit of inspiration for Samsung gift ideas, you've […]

  • By Mihai Matei
  • 4 days ago
All the Samsung Black Friday 2024 deals you don’t want to miss

All the Samsung Black Friday 2024 deals you don’t want to miss

Black Friday is here, and Samsung has launched a bunch of fantastic deals everyone should at least check out. Some of them are really quite incredible, like that Galaxy Z Fold 6 deal that shaves $800 off the phone's price with no trade-in. But there's more good stuff on Samsung's e-shop for Black Friday, so […]

  • By Mihai Matei
  • 5 days ago
This Samsung Jet stick vacuum deal is actually awesome

This Samsung Jet stick vacuum deal is actually awesome

Samsung offers several Jet Stick cordless vacuum cleaner models, but one that we've had our eyes on for some time is the Jet 75+. It's powerful, has an extra battery, and might be the best vacuum cleaner that can double as a car vacuum. It's also relatively affordable. Speaking of which, Samsung has launched a […]

  • By Mihai Matei
  • 6 days ago
Samsung makes big changes to top leadership in hopes of growth

Samsung makes big changes to top leadership in hopes of growth

There was an expectation that Samsung would shake things up significantly in its annual personnel reshuffle that started earlier this time around. The company today announced a major leadership change as it seeks a return to growth, particularly in the lucrative semiconductor segment. The announced changes primarily focus on the semiconductor business. Samsung says that […]

  • By Adnan Farooqui
  • 7 days ago