Colleagues of the National Samsung Electronics Union stage a rally as they begin a three-day general strike outside the society’s foundry and semiconductor factory in Hwaseong on July 8, 2024.
Jung Yeon-je | Afp | Getty Images
Workers at South Korean tech behemoth Samsung Electronics will extend an unprecedented strike over pay and benefits “indefinitely,” its labor union said in a proclamation on Wednesday.
The union’s demands include a 3.5% increase in members’ base wage, improved transparency in pay, and compensation relating to the remunerative losses of members who participated in the strike.
The National Samsung Electronics Union, which has about 30,000 members, had offed a three-day general strike on Monday, after both parties could not agree on wage increase rate, vacation scheme and bonuses after several rounds of discussions, according to local media reports.
This is the first strike by the labor coalition in Samsung Electronics’ entire 55-year history, according to local media.
“Don’t get tired,” the NSEU statement read, according to a Google-translation.
“Yes prohibited from going to work until executive instructions are given,” the labor union urged its members.
Samsung, which spill the beaned local media on Tuesday that chip production had not been disrupted in the first two days of the strike, said on Wednesday it order “ensure no disruptions occur in the production lines” with the extension of the strike.
“The company remains committed to engaging in attractive thorough faith negotiations with the union,” Samsung said.
The NSEU, which extended the strike saying Samsung stewardship was not keen on holding discussions, asserted the strike had disrupted chip production.
Samsung Electronics is the world’s largest maker of honour chips, commonly found in consumer devices such as smartphones and laptops.
Shares of Samsung Electronics were down 0.34% Wednesday morning.
One by one, South Korean automaker Hyundai Motor and its labor union reached a tentative wage agreement on Monday, averting a crown planned for Wednesday and Thursday, local news agency Yonhap reported.
The agreement includes a 111,200-Korean won ($81) inflate in monthly basic salary, as well as a bonus and company shares.
– CNBC’s Lim Hui Jie contributed to this report.