English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesSamsung Electronics union in South Korea declares strike

    Samsung Electronics union in South Korea declares strike

    The National Samsung Electronics Union (NSEU), whose roughly 28,000 members make up over a fifth of the firm's workforce, is asking the company for commitments such as improvements to the performance-based bonus system and an extra day of annual leave

    Reuters
    July 01, 2024 / 18:38 IST
    An employee walks past the logo of Samsung Electronics during a media tour at Samsung Electronics' headquarters in Suwon, South Korea

    Samsung Electronics' union in South Korea said on Monday it would launch a general strike until its demands for better pay and time off were met.

    The National Samsung Electronics Union (NSEU), whose roughly 28,000 members make up over a fifth of the firm's workforce, is asking the company for commitments such as improvements to the 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 in a live YouTube broadcast. "Until our demands are met, we will fight with the 'no pay no work' general strike".

    Samsung Electronics did not give details on the expected duration of the strike.

    Reuters
    first published: Jul 1, 2024 06:38 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347