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Will Samsung agree to the union's demands for higher wages by the end of July 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Samsung or the workers' union, verified news reports
Story
Samsung Workers in South Korea Begin Largest Labor Action with Three-Day Strike
Jul 8, 2024, 12:18 AM
Samsung workers in South Korea have initiated a three-day strike, marking the largest labor action in the company's history. The strike, which began on Monday, is a result of unsuccessful negotiations over pay and vacation time. The union is ramping up pressure on the company to meet their demands for higher wages. Workers are walking off assembly lines, according to the union chief.
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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%
Bonus system completely overhauled • 25%
Bonus system partially changed • 25%
Bonus system remains unchanged • 25%
No official statement on bonus system • 25%
Strike ends with all demands met • 25%
Strike ends with some demands met • 25%
Strike ends with no demands met • 25%
Strike continues into 2025 • 25%
No disruption to production • 25%
Minor disruption to production • 25%
Moderate disruption to production • 25%
Severe disruption to production • 25%