Samsung union threatens firsts strike in tech big’s historical past

An influential Samsung Electronics staff union on Thursday warned that its members might stroll out over a wage dispute in what may very well be the South Korean tech big’s first strike in its historical past.

The Nationwide Samsung Electronics Union claims that Samsung administration has lower the union out of wage negotiations.

The NSEU, which says it represents round 10,000 workers, or round 9% of workers, staged a press convention outdoors one among Samsung’s buildings in Seoul and demanded the tech big’s Chairman Lee Jae-yong be part of the discussions.

Lee Hyun-kuk, a consultant of the union, mentioned it could go on strike after a session with its members however mentioned it is dependent upon the “angle” of Samsung Chair Lee, and his willingness to barter, in line with native media studies that had been posted on the union’s web site.

“It is dependent upon the angle of chairman Lee Jae-yong. We sincerely ask him to come back to the desk for talks,” the NSEU’s Lee mentioned, in line with Bloomberg.

Samsung was not instantly out there for remark when contacted by CNBC.

If the walkout goes forward, it could be the primary strike because the founding of Samsung Electronics in 1969. Samsung Electronics encompasses Samsung’s shopper {hardware}, semiconductor, show and cellular provider companies.

Stress with staff comes at a delicate time for the world’s greatest smartphone and reminiscence chip maker, after its working revenue within the first quarter plunged to its lowest degree since 2009. Samsung has been harm by falling costs and demand for its reminiscence chips, which is its greatest revenue driver.

The union is asking for a 6% wage enhance for staff. Samsung administration mentioned final month it could enhance wages by round 4%, in line with the union.