Samsung Electronics is on strike as employees stage one-day walkout

A South Korean flag, left, and Samsung Electronics Co. flag fly outside the company's headquarters in Seoul, South Korea.

Enlarge / A South Korean flag, left, and Samsung Electronics Co. flag fly exterior the corporate’s headquarters in Seoul, South Korea. (credit score: Jean Chung/Bloomberg through Getty Photographs)

Samsung Electronics employees are on strike. As The New York Occasions studies, Nationwide Samsung Electronics Union (NSEU) has about 28,000 members, or about one-fifth of Samsung’s workforce, strolling out of the job on Friday. It is Samsung’s first employees’ strike.

Particularly, the walkout is in Samsung’s chip division, which makes RAM, NAND flash chips, USB sticks and SD playing cards, Exynos processors, digital camera sensors, modems, NFC chips, and energy and show controllers. Relying on how every quarter goes, Samsung is usually the world’s largest chipmaker by income due to this division, and its components are in merchandise from 1,000,000 completely different manufacturers. It is in all probability exhausting to discover a tech product that does not have some form of Samsung chip in it.

As you would possibly anticipate, the union desires larger pay. Samsung’s employees have gotten as a lot as 30 % of their pay from bonuses, and there have been no bonuses final 12 months. UnionVP Lee Hyun Kuk instructed the Occasions that “it appears like we’ve taken a 30 % pay reduce.” The common pay for a union member is round $60,000 earlier than bonuses.

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