EconomyLens.com
No Result
View All Result
Wednesday, October 14, 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
40
SHARES
496
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

Musk suggests US govt behind any slowdown in Ukraine’s Starshield system

Lufthansa wins contest for TAP Air Portugal stake

Drone hits data centre of Russia’s largest bank

US fines Bank of America $1.2 bn for anti-money laundering violations

Reese Witherspoon, France’s Mediawan to buy Hello Sunshine

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
Share16Tweet10Share3Pin4Send
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

Goldman Sachs profits jump as CEO says no plans to exit

October 13, 2026
Business

French supermarkets suffer refrigerator shutdown after ‘unprecedented’ cyberattack

October 13, 2026
Business

NZ bank in free speech row over ‘explicit’ sheep memes

October 12, 2026
Business

Brazil prosecutors sue Shell for $108 mn over deadly 2024 floods

October 10, 2026
Business

BMW pulls car lease offer from German far-right politician

October 10, 2026
Business

Saint Laurent designer Vaccarello leaves after glittering decade

October 10, 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
  • 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

104

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

‘No time to recover’: UNDP chief sounds alarm on growing poverty after Iran war shock

October 14, 2026

Tech stock lead rout after US inflation fuels rate hike bets

October 14, 2026

EU leaders head for showdown over bloc budget

October 14, 2026

US Treasury chief urges stronger IMF role against ‘distortionary policies’

October 14, 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.

Your Privacy Choices

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
© 2026 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.