Samsung workers rally in South Korea, demanding higher pay and threatening to strike
Thousands of Samsung Electronics workers rallied in South Korea, demanding higher bonuses and threatening to strike due to booming demand for artificial intelligence. The union, representing 74,000 workers, claims the company has not offered adequate compensation despite strong performance.
Thousands of Samsung Electronics workers gathered at its Pyeongtaek complex, demanding higher bonuses and threatening to strike. The union, representing 74,000 workers, says the company has not offered adequate compensation despite strong performance driven by AI demand. Samsung forecast a record 57.2 trillion won operating profit for the first quarter. The union has rejected the management's proposal for bonuses of restricted stock and is calling for removing caps on bonuses. If negotiations fail, the union plans an 18-day walkout starting May 21, potentially costing the company over 1 trillion won daily. The labor dispute comes as Samsung and rival SK Hynix benefit from the AI boom, with SK Hynix reporting an all-time high quarterly revenue and operating profit.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.