Samsung, the South Korean tech giant, has assured the public that its production remains unaffected amidst a three-day general strike led by over 5,000 members of the National Samsung Electronics Union. This strike is part of an ongoing dispute revolving around employee compensation and benefits.
The union, representing more than one-fifth of Samsung's total workforce, has been engaged in negotiations with management since January, primarily over pay raises and benefits, but has so far failed to find common ground.
Although Samsung has stated that production has not been disrupted, a senior union member, Park Seol, has contradicted this, emphasizing the impact on production and underlining the union's earnest desire for their concerns to be heard.
Despite the contentious labor situation, Samsung Electronics, in a recent regulatory filing, anticipates a significant growth in operating profits, expecting a staggering 1,452.2 percent increase over the previous year, amounting to 10.4 trillion won ($7.54 billion) for April-June. The company also foresees a 23.3 percent sales increase to 74 trillion won. Notably, Samsung Electronics holds a significant position as the world's largest memory chip maker, playing a key role in global high-end chip production.
