Samsung workers are on strike for the first time in the company’s history

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Samsung workers are on strike for the first time ever due to failed negotiations over pay raises and bonuses.

For the first time since the company's founding, Samsung workers are on strike. The New York Times reports that Samsung workers in the chip division are expected to make up a majority of the employees skipping work on Friday for the one-day strike. Samsung union representatives explained that negotiations over pay increases and bonuses had broken down. Samsung has five labor unions, and the largest -- the Nationwide Samsung Electronics Union -- was the one that called for a one-day strike.

claims to represent 28,000 employees and said that 75% of its members voted for the strike in April. Vice President Lee Hyun Kuk told the Times that Samsung 'doesn’t value the union as a negotiating partner.' He explained that employees want 'to send a message to the management that we have reached a certain level of maturation.' According to Lee, union workers did not receive any bonuses last year after receiving bonuses representing up to 30% of their salaries in years past. He added that the average union worker earned around 80 million won in 2023.

 

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