COMP NEWS – Samsung employees in South Korea are currently on strike for better working conditions, arguing that the companies astounding increases in revenue have not been distributed among the workers.
Samsung employees striking for better working conditions and higher pay held a massive rally in South Korea on Monday — as their action against the company continues into its third week.
About 1,200 workers from the National Samsung Electronics Union (NSEU) held a rally and marched along the Giheung campus in Yongin, South Korea, according to the Associated Press.
The action came after the union and Samsung held initial wage negotiation talks on Friday, Bloomberg reported.
NSEU workers announced an indefinite strike on July 8 when a previous walkout failed to secure the workplace gains its members are fighting for.
Although the union represents more than 30,000 employees, it was not clear how many went on indefinite strike. Still, the current strike is the largest in the technology company’s history.
Samsung expects its second-quarter revenue to rise more than 1,450% year-over-year thanks to an AI boom. It also reported a 10-fold jump in profits for the first three months of 2024. But NSEU said workers aren’t seeing increases in pay despite the record returns.
To read more about the Samsung workers’ strike, click here.
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