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Samsung Workers Walk Out, Demand Pay Raise and Leave: Report

Employees at Samsung Electronics Co., Ltd. (OTC:SSNLF) reportedly started a three-day strike on Monday, demanding better pay. The union has warned of additional actions if South Korea’s largest conglomerate does not fulfill thier demands, reported Reuters. The National Samsung Electronics Union (NSEU), representing about 30,000 members or a quarter of the South Korean workforce, is also seeking an extra day of annual leave and modifications to the bonus system. Union officials are advocating for fairness in bonuses: rank-and-file workers’ bonuses are based on operating profit minus capital costs, while executives’ ...