EconomyLens.com
No Result
View All Result
Monday, February 2, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

Samsung says ‘no disruption’ to production despite strike

Natalie Fisher by Natalie Fisher
July 9, 2024
in Business
Reading Time: 3 mins read
A A
3
38
SHARES
480
VIEWS
Share on FacebookShare on Twitter

Members of the National Samsung Electronics Union stage a rally during their three-day general strike. ©AFP

Seoul (AFP) – South Korean tech giant Samsung said Tuesday that production was not being disrupted despite a three-day general strike by thousands of workers.

Related

France demands 1.7 bn euros in payroll taxes from Uber: media report

Disney earnings boosted by theme parks, as CEO handover nears

Maersk to take over Panama Canal port operations from HK firm

US oil giants say it’s early days on potential Venezuela boom

Dutch watchdog launches Roblox probe over ‘risks to children’

More than 5,000 members of the National Samsung Electronics Union stopped working Monday, the organisation said, as part of a long-running battle over pay and benefits.

The union has more than 30,000 members — more than a fifth of the company’s total workforce.

“There has been no disruption to production,” local media quoted Samsung as saying.

Park Seol, a senior member of the union, told AFP Tuesday that production was being affected.

“But more importantly, the company should understand that we aren’t trying just to affect their production line, we want them to hear our voice and understand how desperate we are,” she said.

The union has been locked in negotiations with management since January, but the two sides have failed to narrow differences on benefits and a 5.1 percent pay raise offer from the firm was rejected.

In a regulatory filing last week, Samsung Electronics said that its April-June operating profits were expected to rise to 10.4 trillion won ($7.54 billion), up 1,452.2 percent from 670 billion won a year earlier.

Sales, meanwhile, are expected to rise 23.3 percent to 74 trillion won, Samsung said.

Samsung Electronics is the world’s largest memory chip maker and accounts for a significant chunk of the global output of high-end chips.

© 2024 AFP

Tags: labor strikesamsungtech industry
Share15Tweet10Share3Pin3Send
Previous Post

River Seine to have flying taxi landing pad at Paris Olympics

Next Post

Moody’s cuts Kenya debt rating further into junk territory

Natalie Fisher

Natalie Fisher

Related Posts

Business

Apple earnings soar as China iPhone sales surge

January 30, 2026
Business

UK drugs giant AstraZeneca announces $15 bn investment in China

January 29, 2026
Business

Money laundering probe overshadows Deutsche Bank’s record profits

January 29, 2026
Business

Phan Huy: the fashion prodigy putting Vietnam on the map

January 28, 2026
Business

Meta shares jump on strong earnings report

January 29, 2026
Business

SpaceX eyes IPO timed to planet alignment and Musk birthday: report

January 28, 2026
Next Post

Moody's cuts Kenya debt rating further into junk territory

European stocks drop before Powell's Fed testimony

Fed's Powell says US making 'modest' progress on inflation

Stocks diverge before Powell's Fed testimony

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

81

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Musk merges xAI into SpaceX in bid to build space data centers

February 2, 2026

Trump says India, US strike trade deal

February 2, 2026

Cuban tourism in crisis; visitors repelled by fuel, power shortages

February 2, 2026

Oil slides, gold loses lustre as Iran threat recedes

February 2, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.