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South Korean tech giant Samsung Electronics has announced that its production remains unaffected despite a three-day general strike by thousands of workers. The strike, which began on Monday, saw over 5,000 members of the National Samsung Electronic Union cease work as part of a prolonged dispute over pay and benefits.
The union, which boasts over 30,000 members – more than a fifth of Samsung’s total workforce – has been engaged in negotiations with management since January. However, talks have stalled, with the union rejecting a 5.1 percent pay raise offer from the company.
“There has been no disruption to production,” local media quoted Samsung as saying on Tuesday. Despite this assertion, Park Seol, a senior member of the union, told AFP that production was indeed being affected. “But more importantly, the company should understand that we aren’t trying just to affect their production line, we want them to hear our voice and understand how desperate we are,” Park stated.
In a regulatory filing last week, Samsung Electronics projected a significant increase in operating profits for the April-June period, expecting them to rise to 10.4 trillion won ($7.54 billion). This marks a 1,452.2 percent increase from the 670 billion won reported a year earlier. The company also anticipates a 23.3 percent rise in sales, projecting them to reach 74 trillion won.
Samsung Electronics, the world’s largest memory chip maker, plays a crucial role in the global output of high-end chips. Despite the ongoing strike, the company maintains that its production lines have not been disrupted.
Sources By Agencies
