The strike comes as Samsung Electronics battles for dominance over other technology companies in the production of memory chips, a critical component of advanced artificial intelligence systems.
In South Korea, the Samsung Electronics union went on strike for the first time since its founding. The company’s employees stopped work for a day to demand higher wages. Reuters reported this on Friday, June 7.
It is indicated that the Samsung Electronics labor union has approximately 28 thousand members and constitutes one fifth of the company’s workforce. They are seeking a pay rise and additional days of annual leave.
“The purpose of today’s strike is to have a meaningful conversation with management,” said a union representative.
Samsung Electronics said the strike did not affect the company’s production or operations.
Analysts polled by Reuters said the strike was unlikely to have an immediate impact on semiconductor production or supply, but would create additional pressure on the company as it seeks to strengthen its position in artificial intelligence.
In May, Samsung reported a more than tenfold increase in operating profit in the first quarter of this year amid forecasts of strong demand for II and high-end chips – an area where the company competes with Intel (INTC) and TSMC of Taiwan.
In Nigeria, major trade unions went on strike to demand higher wages. The action led to power outages and the operation of major airports was affected.
Let’s remember that last year in Germany, thousands of flights were canceled due to a strike by the GDL drivers’ union.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.