City
Epaper

Samsung's unionised workers to bring wage dispute to govt arbitration panel

By IANS | Updated: April 21, 2023 18:25 IST

Seoul, April 21 Samsung's unionized workers said on Friday they will bring a labour dispute with the tech ...

Open in App

Seoul, April 21 Samsung's unionized workers said on Friday they will bring a labour dispute with the tech giant to the state labour relations commission for arbitration.

"Despite record high earnings, the management has dismissed the unions' demands all the time, citing business difficulties," Samsung's four unions said.

"At every wage negotiation, the company unilaterally decides on a final proposal and announces it," they added, reports Yonhap news agency.

The unionized workers, which accounted for around 7.4 per cent of the total 121,000 workers, have engaged in wage negotiations with the management since late December.

The two parties have so far held 20 rounds of talks and negotiations but have not been able to iron out differences, including a union request for more than a 10 percent pay increase.

When an arbitration claim is filed at the National Labor Relations Commission, a committee will be set up to look into the dispute for 10 days to mediate between the two.

Last year, the unions had threatened to go on strike after the commission failed to bring the two parties to an agreement but did not carry it out.

Separately, Samsung Electronics' management and its workers agreed last Friday to an average 4.1 percent pay raise for the year.

The company has put on hold raises for its board members due to poor performance amid a worsening chip glut and a global slowdown.

The pay raise is lower than the 9 percent wage hike of the previous year, which was the highest in a decade, and lower than the initial demand from the workers.

Both parties hammered out the compromise, taking into consideration the external headwinds that caused the quarterly profit to plunge nearly 96 per cent in the first quarter.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: samsungYonhap
Open in App

Related Stories

TechnologyHan Jong-hee Passes Away at 63: Samsung Electronics Vice Chairman Dies of Heart Attack

Social ViralVrindavan Monkey Exchanges Samsung Phone for Mango Drink, Hilarious Video Goes Viral (Watch Video)

TechnologySamsung Layoffs: Electronic Giant to Cut Thousands of Jobs Worldwide Amid Struggles in AI Market

TechnologyIndia’s Smartphone Market Flat in 2023, Apple Surpasses 10-Million-Unit Mark

TechnologySamsung Galaxy S24 Series Pre-Booking Begins for Locally Manufactured Models in India - See Specification

Technology Realted Stories

TechnologyAdani Electricity urges customers to use electricity judiciously during scorching summer

TechnologySensex, Nifty extend winning streak to 7th day in a row

TechnologyOptiemus joins Taiwan’s Avix to make high-tech drone parts in India

TechnologySeoul to discuss cooperation with US in shipbuilding, energy at trade consultation

TechnologySK bioscience wins patent case against Moderna in South Korea