Samsung Electronics Reaches Wage Deal in South Korea While India Faces Labor Strikes

Samsung Electronics Reaches Wage Deal in South Korea While India Faces Labor Strikes

Samsung Electronics and its National Samsung Electronics Union have reached a tentative agreement on a 5.1% wage hike for 2025 , resolving a prolonged negotiation period of 48 days . This agreement, finalized on February 24 , marks an important step in addressing labor concerns within the company’s South Korean operations. Meanwhile, in India , Samsung is facing a labor dispute as the Samsung India Workers Union continues its sit-in strike since February 5 . Samsung reaches a wage agreement in South Korea while labor tensions escalate in India. Key Takeaways from Samsung’s Labor Negotiations South Korea Wage Agreement: Samsung agrees to a 5.1% wage hike for 2025 after nearly seven weeks of negotiations. India Labor Dispute: The Samsung India Workers Union demands the reinstatement of three suspended employees. Tamil Nadu Government Involvement: Samsung has approached state authorities to mediate the ongoing labor strike. Potential Business Disruptions: The continued protests could impact Samsung…