Intelligence Alert

Samsung Electronics’ labor unions vote for strike on Monday (08 April)

Risk level: Low Country: South Korea

According to reports, unionized workers of Samsung Electronics have voted in favour of a strike after failing to reach a deal on wage hikes with management on Monday (08 April).

• Out of the 27,458 members across five different labor unions, 20,853 participated in the vote held from 18 March to last Friday (05 April), with 20,330 or 74 percent of the total voting in favour of the strike.
• This vote grants the unionized workers the legal authority to proceed with a strike if a 10-day mediation period, arranged by the National Labor Relations Commission, fails to yield a resolution.

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