Samsung Workers' Strike Continues, Company Faces Challenges in Multiple Areas
TapTechNews July 9th news, the strike action of Samsung Electronics workers is still ongoing. After announcing a three-day strike to demand a pay raise last month, the National Samsung Electronics Union (NSEU) in South Korea officially started the strike action yesterday and entered the second day today. This is the first time in the 55-year history of Samsung that a joint union strike has occurred.
According to Yonhap News Agency, thousands of employees affiliated with the National Samsung Electronics Union have continuously stopped work to protest. They demand that the company increase the salary level, improve the bonus system, and increase the number of vacation days. However, Samsung said that the current market situation is not conducive to meeting these requirements.
The National Samsung Electronics Union is the largest union organization in the South Korean branch of Samsung Electronics, with more than 30,000 members, accounting for about 24% of the total number of Samsung employees in South Korea. More than 6,000 workers indicated their intention to participate in the strike launch rally, but the police estimated that the actual number of people present was only about 3,000.
Although the strike is still ongoing, Samsung said that the factory production has not stopped and there has been no interruption. The South Korean technology giant said last month that the strike will not affect its core business - the production of memory chips. However, the union warned that if the negotiation does not make progress during the strike, they will launch another five-day strike on July 15.
TapTechNews noticed that currently, Samsung is in a critical period and is facing challenges in multiple fields. A few months ago, its semiconductor chip business suffered the largest loss in history, and the HBM3E chip for high-end graphics cards has not yet obtained Nvidia's certification.
Samsung's market share in the smartphone market is being eroded by Apple and Chinese competitors, and its big bet on folding screen phones has not achieved success as expected. The company will release several new products at the Galaxy new product launch event in Paris tomorrow, including Galaxy ZFlip6 and Galaxy ZFold6. Whether these upcoming folding screen phones can help Samsung achieve the annual shipment target of 20 million units remains to be seen.