Samsung India Workers Strike Over Wages and Union Recognition

The ongoing strike at Samsung's Chennai plant disrupts production and highlights labor issues in India's electronics sector.

Workers at Samsung's Chennai plant have been striking for five days, demanding higher wages and union recognition.
The strike has significantly disrupted production, affecting up to 30% of Samsung's $12 billion annual revenue in India.
The Centre of Indian Trade Unions (CITU) is backing the strike, aiming to expand its influence in the rapidly growing electronics sector.
Samsung's management and labor officials have yet to reach an agreement, despite ongoing discussions.
Shares of Samsung Electronics have fallen by 3% as the strike continues, reflecting investor concerns over the prolonged disruption.