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  • 2 years ago
More than 6,500 Samsung Electronics Co. workers began a rally on Monday, demanding better pay in the largest organized labor action in the company's history. The protest, held outside Samsung’s chipmaking complex south of Seoul, follows collapsed negotiations over pay and vacation time. The union hopes the three-day walkout will disrupt production and highlight their grievances. The timing is critical as Samsung faces semiconductor supply chain challenges and is preparing to unveil new products. Despite efforts to appease workers with performance bonuses, tensions remain high over bonus calculations and compensation.

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00:00It's Benzinga, and here's what's on the block.
00:02More than 6,500 Samsung Electronics workers began a rally on Monday demanding better pay
00:08in the largest organized labor action in the company's history.
00:12The protest, held outside Samsung's chip-making complex south of Seoul, follows collapsed
00:17negotiations over pay and vacation time.
00:20The union hopes the three-day walkout will disrupt production and highlight their grievances.
00:25The timing is critical as Samsung faces semiconductor supply chain challenges and is preparing to
00:30unveil new products.
00:32Despite efforts to appease workers with performance bonuses, tensions remain high over bonus calculations
00:37and compensation.
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