Saturday, January 18, 2025

Samsung Electronics’ Labor Union to Conduct Second Round of Strikes

Newsis

For the first time since its establishment in 1969, the National Samsung Electronics Labor Union (NSELU) declared an indefinite general strike on the 10th. Originally, NSELU had planned a strike for three days from the 8th, followed by a second strike for five days from the 15th. However, they revised their plans and started an indefinite strike on the 10th.

NSELU posted a statement on its website, stating, “We are going straight into an indefinite general strike as the management did not attempt any dialogue during the first strike period.”

The union demanded the management guarantee one day of leave for union establishment, a base pay increase rate of 3.5% for all union members, improvement of the performance-related pay system, and compensation for economic losses due to the strike.

NSELU told its members, “Your determination is needed to bring our goals and victory forward,” and asked them not to go to work until the executive guidelines are announced.

According to NSELU, 6,540 people expressed their intention to participate in the general strike on the 8th, with 5,211 from the departments of semiconductor equipment, manufacturing, and development (process).

NSELU set the purpose of the strike as production disruption, stating, “Regardless of the automation of the semiconductor factory, production disruption is inevitable without the personnel for equipment and inspection.”

However, the management explained that there have been no production disruptions so far, and the lines are operating normally. An industry insider said, “The number of participants has decreased since the first day of the general strike, indicating that the strike momentum is waning.”

NSELU is the largest labor union in the company with over 31,000 members. This is about 24.8% of the total number of Samsung Electronics employees (approximately 125,000).

Hot this week

Tesla’s Massive 8% Surge Leads the Charge as U.S. Stocks Rally After Strong Earnings

U.S. stock markets surged as inflation fears eased, with Tesla and Wall Street banks seeing significant gains amid positive earnings reports.

Inflation Eases as Dow and S&P Rise, Nasdaq Extends Losing Streak Amid Tech Selloff

U.S. markets rose on easing inflation, but Nasdaq fell for five days. Quantum computing stocks surged while big tech declined.

Goldman Sachs Predicts Bank of Korea to Cut Interest Rate to 2.75% Amid Slowing Economy

Goldman Sachs predicts a rate cut by the Bank of Korea to 2.75% to boost growth amid slowing consumption and inflation stabilization.

Japanese Prime Minister Moves into Haunted Residence Despite Ghost Rumors

Japanese PM Shigeru Ishiba addresses ghost rumors at his official residence, citing a dark history and personal humor about the situation.

Governor Newsom Challenges Trump to See California’s Wildfires Up Close

California Governor Newsom invites Trump to witness wildfire damage after Trump's criticism of the state's response to the crisis.

Topics

Tesla’s Massive 8% Surge Leads the Charge as U.S. Stocks Rally After Strong Earnings

U.S. stock markets surged as inflation fears eased, with Tesla and Wall Street banks seeing significant gains amid positive earnings reports.

Inflation Eases as Dow and S&P Rise, Nasdaq Extends Losing Streak Amid Tech Selloff

U.S. markets rose on easing inflation, but Nasdaq fell for five days. Quantum computing stocks surged while big tech declined.

Goldman Sachs Predicts Bank of Korea to Cut Interest Rate to 2.75% Amid Slowing Economy

Goldman Sachs predicts a rate cut by the Bank of Korea to 2.75% to boost growth amid slowing consumption and inflation stabilization.

Japanese Prime Minister Moves into Haunted Residence Despite Ghost Rumors

Japanese PM Shigeru Ishiba addresses ghost rumors at his official residence, citing a dark history and personal humor about the situation.

Governor Newsom Challenges Trump to See California’s Wildfires Up Close

California Governor Newsom invites Trump to witness wildfire damage after Trump's criticism of the state's response to the crisis.

83-Year-Old Man Sentenced to 3 Years for Murdering Wife with Dementia

An elderly man received a three-year prison sentence for murdering his wife with dementia, highlighting the challenges of caregiving.

Miss Argentina Claims Miss Universe Was Rigged, Gets Her Crown Revoked

Magali Benejam, 12th in Miss Universe 2024, lost her title after alleging the competition was rigged and criticizing fellow contestants.

NVIDIA CEO Clarifies Misstatement on RTX 50 Series Memory Supply

NVIDIA's CEO Jensen Huang clarified that Samsung, not Micron, will supply the RTX 50 series GPUs, addressing earlier confusion from CES 2025.

Related Articles