Samsung workers plan strike to demand profit sharing
The company's record revenues, despite the memory crisis, had no impact on employee salaries.
MyDrivers reported that the Samsung Electronics union is threatening to launch an 18-day strike over the company’s record profits, which it allegedly refuses to share.
The main demand is to distribute 15% of annual operating profit among employees (approximately $30 billion). Employees’ grievances against Samsung have reportedly been simmering for some time, and this was the final straw. In addition to profit distribution, employees are demanding an increase in base salary and an optimized bonus system to more fairly reward employees during periods of high profits.
Samsung saw a stunning 700% profit surge in the first quarter of the year, capitalizing on the memory crisis. Several organizations predict that Samsung could become the world’s most profitable company by 2027, surpassing Nvidia.
