Official reports from Samsung Electronics, major news outlets

Samsung Electronics' Largest Union Stages First-Ever One-Day Strike Over Pay Dispute

Jun 7, 2024, 01:23 AM

Samsung Electronics' largest union, comprising approximately 28,400 workers, has gone on strike for the first time in the company's 55-year history. The one-day walkout, which began on Friday, is over a pay dispute, with negotiations between the union and the company having come to a complete halt. Despite the strike, analysts do not expect it to affect chip production. The standoff highlights ongoing tensions between the South Korean tech giant and its employees as the company attempts to reassure investors of its ability to meet memory chip demand.