Samsung Union Plans First-Ever Strike — Update

By Kimberley Kao and Farah Elias

A union representing Samsung Electronics has called for the first-ever strike in the South Korean technology giant's history after talks over wage increases broke down.

The National Samsung Electronics Union said Wednesday that it will plan a one-day protest by asking its members to use their annual leave on June 7. The union said it tried to reach an agreement with the company's management but negotiations broke down.

If the strike goes ahead, it would be the first-ever walkout by Samsung Electronics workers.

Samsung's management and the union had been in discussions over pay rises since January.

The NSEU said it has about 28,000 members, or roughly one-fifth of the company's total workforce.

Samsung shares fell after the strike plan was reported and were recently 3.0% lower at 75,300 won.

--Jiyoung Sohn contributed to this article.

Write to Kimberley Kao at kimberley.kao@wsj.com and Farah Elias at farah.elias@wsj.com

(END) Dow Jones Newswires

May 29, 2024 02:16 ET (06:16 GMT)

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