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Will Samsung agree to the 5.1% pay raise demanded by the union by the end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official statements from Samsung Electronics or the National Samsung Electronics Union
Story
Samsung Workers Begin Largest Strike in 50-Year History, Threaten Indefinite Action
Jul 10, 2024, 02:10 AM
Unionized workers at Samsung Electronics have initiated a three-day strike, marking the largest labor action in the company's 50-year history. The strike, which began on Monday in Hwaseong, involves over 6,500 workers and is driven by demands for better pay, including a 5.1% pay raise, an additional day of annual leave, and changes to the bonus system. The National Samsung Electronics Union, representing roughly 30,000 members, about 24% of the firm's South Korean workforce, has stated that the strike could extend indefinitely if their demands are not met. Despite the strike, Samsung has maintained that production has not been disrupted. However, the union claims that semiconductor production has been affected.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Agreement on higher pay only • 25%
Agreement on extra annual leave only • 25%
Agreement on both demands • 25%
No agreement reached • 25%
Union demands fully met • 25%
Union demands partially met • 25%
Union demands not met • 25%
Negotiations ongoing • 25%
No disruption to production • 25%
Minor disruption to production • 25%
Moderate disruption to production • 25%
Severe disruption to production • 25%
Yes • 50%
No • 50%
Strike ends with union winning higher wages • 25%
Strike ends with no change in wages • 25%
Strike ends with partial concessions • 25%
Strike continues beyond August 2024 • 25%