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SAMSUNG WAGE NEGOTIATIONS
Hyundai Motor's South Korean union approves strike action over stalled wage talksHyundai Motor's South Korean union members have voted to authorize a strike, signaling potential production halts. This action stems from u...- South Korea labour minister calls on tech firms to share excess AI profits with suppliers, staffIn an interview, Kim Young-hoon told Reuters that companies like Samsung Electronics that outperform profit targets should consider sharing...
- Samsung minority union challenges bonus deal in courtA labour union representing several thousand Samsung Electronics employees asked a court on Tuesday to nullify a bonus agreement between th...
- Samsung’s $416,000 chip worker bonuses may reshape labour battles in South KoreaSamsung Electronics has agreed to a significant bonus deal with its union, a move that could reshape wage bargaining in South Korea. Memory...
- Why Samsung shares just surged 7% to save Kospi from a tragic market meltdownSamsung Electronics shares surged sharply on Monday after the company resumed mediated wage negotiations with its largest labour union, eas...
- South Korea stocks gyrate as top aide floats AI ‘dividend’South Korea is considering a 'Citizen Dividend' from AI profits. A top policymaker proposed using excess tax revenue to benefit all citizen...
- 18 days. That's all it takes for a Samsung strike to crash the global AI chip market, and the whole world is holding its breathSamsung strike to crash the global AI chip market: The Samsung strike threatens global AI chip supply chains as 45,000 workers plan an 18-d...
- At Samsung, the global AI boom spurred a looming strike and deep divisionsA major strike looms at Samsung Electronics over AI boom profits. Over 45,000 workers demand fair bonus distribution. The dispute could dis...
- Bloodbath on K-Street! South Korea's Kospi crashes 6% after world-beating rally to 8,000South Korea’s Kospi saw a violent reversal after briefly topping 8,000, crashing over 6% as tech stocks plunged and foreign investors dumpe...
- Samsung shares crash 9% as labour strike raises fears of $20 billion profit hitSamsung Electronics shares fell sharply on Friday as an escalating labour dispute and a looming 18-day strike raised fears of major disrupt...
- Samsung asks court to block illegal strike activities by unionsSamsung Electronics has asked a court to block planned union strike activities, which unions have decried as a "declaration of war." Worker...
- Samsung's unionised workers in South Korea approve strike planSamsung Electronics workers in South Korea have voted to authorise a strike. This move deepens a labor dispute over bonuses. The union plan...
- Samsung announces mutual agreement to enhance wages and benefits for workersFollowing worker unrest over higher wages, improved working conditions, and formal recognition of their union, the CITU-backed Samsung Indi...
- Samsung inks deal with workers' group at Chennai facilitySamsung India and its workers committee have agreed to address the challenges faced by employees after a strike started on September 9, 202...
- Samsung signs MoA with some workers at Chennai facility; agrees to a slew of demandsThe company has also agreed to expanding the operation of air conditioned buses by next year from only five routes currently to all 108 rou...
- Samsung officials hold talks with Tamil Nadu Industries Minister amid ongoing labour strikeSamsung officials met with Tamil Nadu Industries Minister TRB Rajaa to address a labour strike involving 1,100 workers demanding better pay...
- Average monthly salary at Tamil Nadu unit 1.8 times higher than industry: SamsungThe local unit of South Korea's Samsung Electronics said the allegations that even after more than 10 years of service workers are earning ...
- Samsung workers strike, the first in the company's historySamsung workers strike over wage disputes amid Samsung Electronics' battle to regain edge in memory chip business crucial for AI systems, c...
- Samsung's unionised workers to bring wage dispute to arbitration panelThe unionised workers, which accounted for around 7.4% of the total 121,000 workers, have engaged in wage negotiations with the management ...
- Samsung cuts pay hike to average 4.1%, freezes raises for board membersSamsung Electronics has agreed to a pay raise of an average of 4.1% for workers, while also including extensions to working hours for pregn...
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