The strike in Samsung India follows recent wage protests in South Korea where 36,500 members from its biggest workers' union went on strike in July and August.
Shares of Samsung Electronics fell over 3% on Friday, as workers at its southern Indian plant continue to strike, disrupting production at its consumer electronics unit for a fifth day.
Worker union's representatives, Samsung's management and the state's labor officials failed to reach an agreement over pay and working conditions among other things, on Thursday. The plant, located in the city of Chennai in southern India, makes electronic appliances including televisions, refrigerators and washing machines.
Samsung Electronics is one of the leading players in India's smartphone and electronic appliances market. The major appliances sector-wide 2024 revenue in India is pegged atThe workers will continue to strike until their demands for better wages and working conditions are met, union leader E. Muthukumar told Reuters, "Samsung management asked us to stop striking but wouldn't recognize the union or talk to us, so the strike continues.
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