Workers at the display manufacturer Samsung Display have gone on strike, the first in the history of the company, which was founded nine years ago. The strike was triggered by a disagreement over the requested wage increase.
The union is demanding a 6.8% increase in basic wages, but this demand was rejected by management, which instead proposed a 4.5% increase. After being denied their demands, 40 workers at Samsung Display’s Asan plant, South Chuncheon province, went on strike.
Just a year ago, this would have been impossible, as Samsung previously opposed the creation of unions and did not allow them to exist. However, in May 2020, Samsung officially announced that there would be no more union ban policy. This change in company policy led to the creation of a union. It employs approximately 2,400 employees, which is 10% of Samsung Display’s workforce.
Earlier, the head of Samsugn Group, Lee Jae-yong, promised that the company will strictly comply with labor laws and guarantee the basic rights of workers.
Some believe the strike will be the first and set off a chain reaction of similar protests in other divisions of Samsung.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
