Historic First Strike at Samsung: 28,000 Workers Protest Over Bonus Cuts and Demand Higher Pay
June 7, 2024
28,000 members of the Nationwide Samsung Electronics Union staged a one-day strike at Samsung Electronics in South Korea on Friday, June 7.
This strike marks the first in Samsung's history.
The strike was led by workers from the chip division protesting the absence of bonuses last year, which they perceive as a 30 percent pay cut.
Despite Samsung's significant increase in first-quarter operating profit, the union demands higher pay.
The majority of striking workers come from the chip division, but this is unlikely to impact chip production.
Last year, the chip division reported a loss due to increased demand for AI chips, leading to internal tensions.
Union leaders have indicated further actions if management does not engage in negotiations.
This strike challenges Samsung's handling of labor conflicts and could have far-reaching implications for the company and the tech industry.
Samsung faces competition in the AI chip market from local rival SK Hynix.
Summary based on 14 sources
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Sources

The Verge • Jun 7, 2024
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CNN • Jun 7, 2024
Workers at Samsung Electronics go on strike for the first time ever