{"id":2205311,"date":"2024-05-31T08:00:04","date_gmt":"2024-05-30T23:00:04","guid":{"rendered":"https:\/\/koreapro.org\/?p=2205311"},"modified":"2024-05-30T18:37:28","modified_gmt":"2024-05-30T09:37:28","slug":"samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/05\/samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position\/","title":{"rendered":"Samsung\u2019s first-ever strike declaration puts tech giant in precarious position"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Samsung Electronics workers\u2019 union <\/span><a href=\"https:\/\/samsunglabor.co.kr\/37\/?idx=24627272&amp;bmode=view\"><span style=\"font-weight: 400;\">declared<\/span><\/a><span style=\"font-weight: 400;\"> a strike on Wednesday, marking the first such action in the company\u2019s history since its founding in 1969. The union, which represents approximately 22% of Samsung\u2019s 125,000 employees, cited management\u2019s \u201cdisregard for workers\u201d during wage negotiations as the reason for the strike.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As an initial step, the union has instructed its members to <\/span><a href=\"https:\/\/samsunglabor.co.kr\/37\/?idx=24938157&amp;bmode=view\"><span style=\"font-weight: 400;\">exhaust their annual leave<\/span><\/a><span style=\"font-weight: 400;\"> on June 7 and plans to hold a sit-in protest in front of the company\u2019s Seocho office. The union stated that it remains open to resuming negotiations with management, although no discussions have taken place yet. The strike declaration comes as Samsung Electronics faces <\/span><a href=\"https:\/\/koreapro.org\/2024\/05\/why-samsungs-surprise-semiconductor-shakeup-is-a-high-stakes-gamble\/\"><span style=\"font-weight: 400;\">challenges<\/span><\/a><span style=\"font-weight: 400;\"> in the high-demand High Bandwidth Memory (HBM) market and works to overcome a crisis in its semiconductor business.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The unprecedented strike declaration and the challenges the company faces in the semiconductor industry have put the tech giant in a precarious position. The new head of Samsung\u2019s semiconductor business, <\/span><a href=\"https:\/\/koreapro.org\/2024\/05\/why-samsungs-surprise-semiconductor-shakeup-is-a-high-stakes-gamble\/\"><span style=\"font-weight: 400;\">Jun Young-hyun<\/span><\/a><span style=\"font-weight: 400;\">, faces the daunting task of navigating this crisis and regaining the company\u2019s competitive edge in the HBM market, a challenge exacerbated by strategic missteps such as scaling down its HBM development team in 2019.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Samsung\u2019s <\/span><a href=\"https:\/\/www.yna.co.kr\/view\/AKR20240524021452009?section=search\"><span style=\"font-weight: 400;\">failure<\/span><\/a><span style=\"font-weight: 400;\"> to pass Nvidia\u2019s testing for its 5G HBM3E AI processors and <\/span><a href=\"https:\/\/www.kedglobal.com\/korean-chipmakers\/newsView\/ked202403190017\"><span style=\"font-weight: 400;\">SK Hynix<\/span><\/a><span style=\"font-weight: 400;\">\u2019s HBM supply to Nvidia further compound the company\u2019s woes. It remains to be seen whether management can effectively address workers\u2019 grievances while maintaining its leadership position in the highly competitive semiconductor sector as the company navigates uncharted territory.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/technology-cyber\/\"><span class=\"tag\">Technology &amp; Cyber<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Samsung Electronics workers\u2019 union declared a strike on Wednesday, marking the first such action in the company\u2019s history since its founding in 1969. The union, which represents approximately 22% of Samsung\u2019s 125,000 employees, cited management\u2019s \u201cdisregard for workers\u201d during wage negotiations as the reason for the strike. As an initial step, the union has instructed [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2205312,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,29],"class_list":["post-2205311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-technology-cyber"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Samsung\u2019s first-ever strike declaration puts tech giant in precarious position - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/05\/samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samsung\u2019s first-ever strike declaration puts tech giant in precarious position - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"Samsung Electronics workers\u2019 union declared a strike on Wednesday, marking the first such action in the company\u2019s history since its founding in 1969. The union, which represents approximately 22% of Samsung\u2019s 125,000 employees, cited management\u2019s \u201cdisregard for workers\u201d during wage negotiations as the reason for the strike. As an initial step, the union has instructed [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2024\/05\/samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position\/\" \/>\n<meta property=\"og:site_name\" content=\"KOREA PRO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nknewsorg\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-30T23:00:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-30T09:37:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/koreapro.org\/wp-content\/uploads\/sites\/6\/2024\/05\/eb-17.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1870\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"johnleenknews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:site\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"KOREA PRO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/koreapro.org\/2024\/05\/samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2024\/05\/samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d\"},\"headline\":\"Samsung\u2019s first-ever strike declaration puts tech giant in precarious position\",\"datePublished\":\"2024-05-30T23:00:04+00:00\",\"dateModified\":\"2024-05-30T09:37:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/05\/samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position\/\"},\"wordCount\":264,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/05\/samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/05\/eb-17.png\",\"keywords\":[\"Business &amp; Economy\",\"Technology &amp; Cyber\"],\"articleSection\":[\"Briefings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/koreapro.org\/2024\/05\/samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position\/\",\"url\":\"https:\/\/koreapro.org\/2024\/05\/samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position\/\",\"name\":\"Samsung\u2019s first-ever strike declaration puts tech giant in precarious position - KOREA PRO\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/05\/samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/05\/samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/05\/eb-17.png\",\"datePublished\":\"2024-05-30T23:00:04+00:00\",\"dateModified\":\"2024-05-30T09:37:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/koreapro.org\/2024\/05\/samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/koreapro.org\/2024\/05\/samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/2024\/05\/samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position\/#primaryimage\",\"url\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/05\/eb-17.png\",\"contentUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/05\/eb-17.png\",\"width\":1870,\"height\":1000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/koreapro.org\/2024\/05\/samsungs-first-ever-strike-declaration-puts-tech-giant-in-precarious-position\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/koreapro.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Samsung\u2019s first-ever strike declaration puts tech giant in precarious position\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/koreapro.org\/#website\",\"url\":\"https:\/\/koreapro.org\/\",\"name\":\"KOREA PRO\",\"description\":\"Be smart about South Korea. 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