May 5, 2023: On Thursday, an influential Samsung Electronics workers union warned that its members could exit over a wage dispute in the South Korean tech firm’s first strike in its past.
The National Samsung Electronics Union states that Samsung management has slashed the union out of wage-related arguments.
The NSEU, representing around 10,000 staff, or about 9% of employees, staged a press conference regarding one of Samsung’s flats in Seoul and demanded the tech firm’s Chairman, Lee Jae-Yong, join the discussions.
Lee Hyun-kuk, a union representative, said it would go on strike after consultation with its people. However, according to local media reports published on the union’s website, it is reliable on the “attitude” of Samsung Chair Lee and his willingness to talk over.
“It is reliable on the attitude of Chairman Lee Jae-Yong. According to Bloomberg, we sincerely ask him to enter the table for talks,” the NSEU’s Lee said.
If the way goes ahead, it would be the initial strike since the founding of Samsung Electronics in 1969. Samsung Electronics encompasses Samsung’s consumer hardware, display and mobile carrier firms.
Tension with employees comes at a sensitive time for the world’s significant smartphone and memory chip creator after its operating profit in the first quarter plunged to its lesser level since 2009.
Samsung has been hurt by decreasing prices and the market for its memory chips, which is its significant profit driver.
The union questions a 6% wage increase for workers. According to the association, Samsung management said it would increase wages by around 4% last month.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
September 26, 2023: On Monday, Japanese automaker Nissan revealed its dedication to transitioning to completely electric …
In an industry as competitive and fast-paced as Consumer Packaged Goods (CPG), standing out from the crowd requires innovation and adaptability. The cracks in the CPG supply chain were exposed long before the global pandemic struck, but the events of the past year only exacerbated the weaknesses.
Supply chain leaders, including VPs, often find themselves making bets with unknown financial consequences. Having started with largely infeasible plans generated by deterministic “one-number” planning systems, compounded by unexpected supply or demand disruptions, they are forced into last-minute adjustments to meet operational and financial goals.
Unsurprisingly, today’s supply chain faces numerous issues, including sustainability, technology, global economic and political instability, talent management, and supply chain resilience. Advanced forecasting algorithms and predictive analytics are used in supply chain management to help organizations of all sizes make better decisions by providing insights into what’s going on in their business at any given moment and predicting future trends.
Ensuring the right products are in the right place and at the right time is critical for companies also dealing with supply chain constraints and a high degree of variability. Uncertainty has become the name of the game and the only way to effectively optimize inventory through continuous, data-driven assessments, planning, and decision-making.
Food Huggers, a consumer brand that designs products to reduce waste at home, may be in an enviable position now but before they found Extensiv Order Manager, managing booming orders and staying on top of inventory was a huge operational challenge. The business has inventory spread across multiple geographically distributed warehouses, with orders received via multiple sales channels, including Shopify storefronts and Amazon.