SSNLF - Samsung Electronics' Union In South Korea Threatens First-Ever Strike Over Wage Demands | Benzinga
The National Samsung Electronics Union in South Korea has declared a strike, demanding higher wages and fair treatment. This is the first time in the company’s history that its workers have taken such action.
What Happened: The NSEU, which represents over a fifth of Samsung Electronics (OTC:SSNLF) workforce, is set to initiate a one-day strike on Jun. 7, Reuters reported. The union has been vocal about its demands for increased wages, an additional day of annual leave, and transparent performance-based bonuses.
The decision to strike comes after the company announced a 5.1% wage increase for this year. The union claims that Samsung Electronics has not presented a compromise plan during the negotiations held the day before the strike announcement.
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