Shares of Samsung Electronics dropped by as much as 3% on Friday as the strike by workers at its southern Indian plant continued, disrupting production at the consumer electronics unit for the fifth consecutive day.
Discussions between the workers’ union representatives, Samsung’s management, and state labor officials failed to reach a resolution on Thursday regarding issues such as pay and working conditions.
Since Monday, hundreds of workers have been on strike, demanding that Samsung acknowledge their union, raise wages, and cut working hours. This strike is noted as one of the largest in recent years in India, according to Reuters.Read More-https://voiceofleaders.com/