Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

Samsung Electronics' union threatens first ever walkout next week

A Samsung Electronics union in South Korea will begin escalating strike action next week by staging the first ever walkout over demands for higher wages, union officials said on Wednesday.

The National Samsung Electronics Union (NSEU), which has about 28,000 members, or more than a fifth of the company's total workforce, said it will stop work for one day on June 7 as part of broader protest measures.

The announcement was made by union officials at a live-streamed press conference, where they held a banner which read: "We can no longer tolerate labour repression, union repression."

If the union members collectively take the day off next week, it would mark the first ever walkout by South Korean workers at the world's top memory chipmaker.

Workers have been intermittently participating in protests in recent weeks outside the company's offices in the capital city Seoul as well as outside its chip production site in Hwaseong, south of Seoul.

Responding to a decision by the company to increase wages this year by 5.1%, the union has previously said that it wanted an additional day of annual leave as well as transparent performance-based bonuses.

On Wednesday, the union accused the tech giant of failing to bring a compromise plan to negotiations held the previous day.

Samsung Electronics said in a statement on Wednesday: "We will sincerely engage in discussions with the union."

Union officials defended the decision to take industrial action at a time when some parts of Samsung's business are underperforming.

"The company has been saying they are facing crisis all along for the past 10 year," Son Woo-mok, president of NSEU told reporters, but added that the firm should not use it as an excuse not to meet its demands.

The union said

Read more on cnbc.com
DMCA