Samsung Electronics union says strike is on for Thu.
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Samsung Electronics is facing a strike as 48,000 workers demand bigger bonuses and profit sharing. Samsung recently joined the trillion-dollar club as shares have more doubled this year on the AI chip boom.
Buy Samsung Electronics. The market is pricing a worst-case supply shock, but the government is signaling “room for dialogue” and emergency arbitration is only used rarely (4 times in modern history).
By Jack Kim SEOUL, May 20 (Reuters) - Samsung Electronics' labour union plans to embark on a massive 18-day strike on Thursday after bonus payment talks with management collapsed and attention is now focused on whether the government will issue an emergency arbitration order.
South Korea's labour minister will personally mediate talks between Samsung Electronics and its South Korean union, the ministry announced Thursday after the union threatened a strike
Micron stock was falling despite the prospect of disruption at rival Samsung Electronics.
Dua Lipa is suing Samsung Electronics for $15 million over claims it used her image on TV packaging without permission.
SEOUL, May 16 (Reuters) - Samsung Electronics Chairman Jay Y. Lee apologised to customers and the public on Saturday over the company's wage dispute with its South Korean labour union ahead of a possible strike that could shake the economy.
Samsung Electronics manages a wide portfolio of products, making everything from fridges to phones. Increasingly, however, its business centres on chipmaking. Semiconductors accounted for 61% of sales and 94% of operating profits in the first quarter.