Samsung Faces Strike Over Worker Rights and Pay Disputes

Samsung Workers on Strike

The National Samsung Electronics Union (NSEU) representing Samsung workers has extended their strike due to pay and holiday negotiation disputes.

Strategic Leverage

About 90% of NSEU members are integral to chip production, putting pressure on Samsung as the strike threatens to disrupt chip manufacturing.

Focus on AI Chips

The union plans to target high bandwidth memory (HBM) chips, essential for AI, in addition to Samsung's dominance in DRAM and NAND chips.

Financial Performance

Samsung's profits surged in the first quarter of 2021, but challenges remain with the reliance on traditional memory chips and a tough smartphone market.

Worker Compensation Dispute

The NSEU demands a wage hike and better holiday pay, with a major point of contention being the metric for incentive pay, known as EVA.

History of Union Suppression

Samsung's union-busting history and labor rights violations have come to light, shedding a harsh reality on the company's work culture and practices.

Worker Advocacy

Advocacy groups have fought for justice for Samsung workers affected by occupational diseases, highlighting the importance of collective bargaining power.

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By: Kap Seol
Title: Samsung Faces Strike Over Worker Rights and Pay Disputes
Sourced From: therealnews.com/koreas-samsung-workers-are-striking-for-the-very-first-time
Published Date: Thu, 18 Jul 2024 20:22:58 +0000