Samsung braces itself as mass strike could impact global supply
Reuters report: Samsung faces strike threat and deep divisions
Samsung Electronics and its labour union are in critical last-minute negotiations to avert the largest strike in the tech giant’s history, involving over 45,000 workers.
The potential 18-day industrial action, set to begin on Thursday, coincides with a severe global shortage of memory chips, vital for AI data centres, smartphones, and laptops.
A South Korean court has partially approved Samsung’s injunction request, mandating that any strike must not impede production and imposing daily fines for non-compliance.
South Korean government officials, including the Prime Minister, have expressed significant worries about the strike’s economic impact and are considering emergency arbitration.
The union has stated the court ruling will not deter them from striking if a deal is not reached, while Samsung’s shares rose after the court’s decision.
