Samsung employees advocating for improved working conditions and enhanced compensation gathered in a significant rally in South Korea on Monday, marking the continuation of their protest into its third week.
Approximately 1,200 members of the National Samsung Electronics Union (NSEU) participated in the demonstration, marching through the Giheung campus in Yongin, as reported by various news agencies. This rally follows initial wage negotiation discussions that took place on Friday between union representatives and Samsung.
The NSEU announced an indefinite strike on July 8, after a prior walkout did not yield the desired workplace improvements for its members. While the union represents over 30,000 employees, it remains unclear how many have committed to the ongoing indefinite strike. Nevertheless, this action stands as the most significant in the history of the technology giant.
In stark contrast to the union’s plight, Samsung expects its revenue for the second quarter to see a significant increase of more than 1,450% year-over-year, largely fueled by a boom in artificial intelligence. The company also reported a tenfold increase in profits for the first quarter of 2024, while NSEU members express frustration over stagnant wages amidst this financial prosperity.
The striking workers primarily come from Samsung’s foundry, where they manufacture some of the world’s most advanced computer chips. Observers note that Samsung has a reputation for being unsupportive of union efforts and lacks experience in negotiating with its workforce.
Experts point out that a successful outcome for Samsung workers could inspire broader labor movements across South Korea. Professor Vladimir Tikhonov from the University of Oslo emphasized that a victory for this group could bolster the strength of labor across the nation.
This situation highlights a critical moment in South Korean labor history, where the demands for equity and fair treatment could resonate beyond the walls of Samsung, igniting a broader conversation about workers’ rights in the tech industry. There is hope that the outcome of this strike might not only bring about positive change for Samsung employees but also empower workers across various sectors in South Korea.