Union at Samsung Electronics in South Korea says to take strike action

SEOUL: Samsung Electronics’ union in South Korea will originate up escalating strike action next week over requires for bigger wages, union officials acknowledged on Wednesday (Would possibly simply 29).

The union, which has about 28,000 members, or more than a fifth of the corporate’s total team, acknowledged it can quit work for at some point on Jun 7 as section of broader hiss measures.

The announcement used to be made by union officials at a dwell-streamed press conference, where they held a banner which read: “We are succesful of now no longer tolerate labour repression, union repression.”

Responding to a resolution by the corporate to raise wages this yr by 5.1 per cent, the union has beforehand acknowledged that it wanted an extra day of annual leave to boot to clear performance-based mostly bonuses.

On Wednesday, the union accused the tech massive of failing to raise a compromise thought to negotiations held the old day.

Samsung Electronics acknowledged in a assertion on Wednesday: “We can sincerely engage in discussions with the union.”

A union legit defended the resolution to take industrial action at a time when some formula of Samsung’s enterprise are underperforming.

“The corporate has been saying they’re dealing with crisis all alongside for the past 10 years,” a union legit fast reporters however added that the agency need to no longer ever use it as an excuse now no longer to fulfill its requires.

The union acknowledged all company websites across South Korea would possibly per chance well per chance presumably be struggling from its Jun 7 action.

The strike announcement comes as Samsung looks to be faltering in some areas, including chopping-edge semiconductor chips.

Samsung final week replaced the head of its semiconductor unit saying a original person on the cease used to be wanted to navigate what it called a “crisis” affecting the chips alternate.

Extra than 2,000 unionised staff of the South Korean skills massive gathered in Seoul final week to protect a uncommon rally to ask better wages.

Shares of Samsung Electronics were buying and selling down 1.9 per cent on Wednesday, in contrast with the benchmark KOSPI’s 1.4 per cent plunge as of 3.37am GMT (11.37am Singapore time).