City
Epaper

Wage talks break down at Samsung, labour unions vote for strike

By IANS | Updated: April 8, 2024 13:35 IST

Seoul, April 8 Unionised workers at tech giant Samsung have voted in favour of a strike after failing ...

Open in App

Seoul, April 8 Unionised workers at tech giant Samsung have voted in favour of a strike after failing to reach a deal on wage hikes with management, industry sources said on Monday.

Out of the 27,458 members across five different labour unions within the tech giant, 20,853 participated in the vote held from March 18 to last Friday, with 20,330, or 74 per cent of the total, voting in favour of the strike, sources told Yonhap news agency.

This vote grants the unionised workers the legal authority to proceed with a strike if a 10-day mediation period, arranged by the National Labor Relations Commission, fails to yield a resolution.

Wage negotiations between management and labour broke down in February after rounds of talks over this year's wage increase.

The unions have demanded a 6.5 per cent pay increase with an additional paid day off.

Samsung Electronics announced last month that it has agreed with its workers to an average 5.1 per cent pay raise for the year.

The company has not had a strike since its founding in 1969.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

EntertainmentMartin Scorsese had considered priesthood

CricketRahul Tewatia opens up about Influence of Yuvraj Singh, MS Dhoni on his batting

NationalHyderabad Rains: Traffic Jam at Necklace Road as Devotees Take Durga Idols for Immersion Amid Heavy Rain and Waterlogging

NationalChennai Corporation extends road-cut deadline to October 15, residents raise safety concerns

BusinessMoS Margherita lays foundation for textile exports, discusses jobs for Indians during Russia visit

Business Realted Stories

BusinessUnion Minister Jyotiraditya Scindia hails young innovators for their contributions to India's space sector boom

BusinessTN to roll out 20 sleeper buses, promising luxury, safety for long distance travellers

BusinessSwadeshi campaigns to help domestic textiles demand reach $250 billion by 2030

BusinessGovt launches probe into e-commerce platforms over extra charges classified as 'Dark Pattern'

BusinessNew user fee collection rule to come into effect from November 15 to incentivize digital payments at toll plazas for non-FASTag users