Unionized Samsung workers announced an indefinite strike over pay and conditions, involving 6,500 employees and slowing some operations. Negotiations have been ongoing since January.
Samsung, the world's leading memory chip maker, faces demands including a 3.5% wage increase, better bonus policies, and more vacation days. The strike marks a significant shift in the company's labor relations.
The strike has not yet affected production, with Samsung emphasizing its commitment to negotiation. This labor dispute comes after a one-day strike in June, showing a changing dynamic in Samsung's history with labor unions.
Despite the strike, Samsung anticipates a significant increase in operating profit. The company's stock is riding high due to the rising demand for chips for A.I. applications.
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