Tag: Samsung Electronics

Samsung Electronics' month-long strike in southern India has concluded as workers agreed to welfare measures. Tamil Nadu's industry minister confirmed the resumption of work, while Samsung India reassured it would enhance conditions in its Chennai factory amid rising employee dissatisfaction.(Reuters)
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Samsung India workers end month-long strike: ‘Welfare measures agreed’

Samsung Electronics workers in southern India have ended a month-long strike over pay and working conditions after “welfare measures” were agreed, the state industry minister…

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Samsung workers in Tamil Nadu are in their second month of striking, rejecting a settlement offer that fails to recognize their union. The dispute disrupts production and highlights challenges in attracting foreign investment amid labor unrest.(Reuters)
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Samsung India workers reject settlement as strike enters second month: Updates

A group of more than 1,000 striking workers at the Samsung Electronics factory in southern India has rejected a settlement offer made by the company…

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Samsung Electronics faces a crisis in its memory chip division, leading to an apology to investors. New head Jun Young-hyun vowed to implement changes after disappointing revenue and profit figures, as competition from SK Hynix intensifies and delays in AI chip deliveries affect performance.(AFP)
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Samsung’s rare apology as results sag: ‘These are testing times’

Samsung Electronics Co. issued an apology to investors for disappointing results, admitting that the once-dominant memory chip giant is grappling with a potential crisis after…

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Samsung plant protests: A motorcyclist rides past Samsung company plant in Sriperumbudur, on the outskirts of Chennai.(AP)
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Samsung plant protests: 600 staff and union members detained. Top updates

Oct 01, 2024 02:09 PM IST The protest has lasted four weeks, significantly impacting the Chennai plant, which contributes notably to Samsung’s revenue in India….

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Police detained 104 striking workers at a Samsung Electronics plant in Chennai for planning an unauthorized march. The strike, ongoing for seven days over low wages, has disrupted production, affecting a significant portion of Samsung's revenue in India.(Reuters)
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104 Samsung workers detained for planning protest in Chennai: ‘Paralyzing peace’

Sep 16, 2024 11:53 AM IST Samsung workers in Chennai were detained by police while planning a protest march over low wages. The strike has…

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Samsung India layoffs: The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea.
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Samsung India laying off employees amid slowdown: ‘Senior executives removed’

Sep 11, 2024 12:44 PM IST Samsung Electronics plans to lay off over 200 executives in India, affecting various functions due to declining business growth…

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Workers of a Samsung facility drink tea as they gather to take part in a strike to demand higher wages at its Sriperumbudur plant near Chennai. (Reuters)
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Samsung India workers’ strike: Production affected ahead of festive season

Operations at Samsung Electronics’ plant in southern India were disrupted for a second day on Tuesday by hundreds of employees striking for higher wages, in…

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Samsung Electronics Q2 shows fastest growth in over a decade
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Samsung Electronics Q2 shows fastest growth in over a decade

Samsung Electronics said Wednesday it registered its fastest growth since 2010, with operating profits soaring for the second quarter, as chip prices bounce back and…

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