Samsung Labor Strike: Unionised Workers Plan To Go on Strike With Company Amid Stalled Wage Negotiations

Seoul, May 29: Unionised workers of Samsung Electronics said on Wednesday they plan to go on a strike amid stalled wage negotiations. The management of the South Korean tech giant and the company's union have held rounds of talks and negotiations since January but failed to narrow their differences.

If realised, it would mark the first-ever walkout by workers at the South Korean tech giant, reports Yonhap news agency. "We declare a strike due to the management's attitude of disregarding the workers," the labour union said. Tech Layoffs: Indian IT Sector Hit by Silent Layoffs With Employee Asked To Choose Voluntary Resignation or Termination, Affects Over 20,000 People, Says Report.

Last month, unionised workers voted in favour of a strike after failing to reach a deal on wage hikes with management. Wage negotiations between management and labour broke down in February after rounds of talks over this year's wage increase. No Layoffs: Infosys CEO Salil Parekh Confirms Integrating GenAI To Enhance Efficiencies for Growth and Expansion While Retaining Employees.

The unions have demanded a 6.5 per cent pay increase with an additional paid day off. Samsung announced last month that it has agreed with its workers to an average 5.1 per cent pay raise for the year. The South Korean tech giant has not had a strike since it was founded in 1969.

(The above story first appeared on LatestLY on May 29, 2024 10:29 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).