Samsung Electronics shareholders are cynical about workers' strike

Samsung Electronics shareholders are cynical about workers' strike

the union will consequently have the legal right to walk out. The most controversial part of the union's demands to management is putting 25 percent of its operating profit into incentives for workers. Samsung Electronics logged posted an operating profit of 51.63 trillion won in 2021. If the 25 percent is distributed to around 110 experts said that making unrealistic demands while hurting the company's growth potential is a move that considers individual workers' interests before co-prosperity with their employer. On Feb. 4 by making excessive demands such as asking for 25 percent of the company's operating profit be put toward incentives. In reaction to the union's demands it is the wrong way of thinking to claim an additional amount to gnaw on the company's growth. Samsung is a company that has to invest a lot of what it earns to take the lead in the competition with other big tech companies in sectors such as semiconductors which is less than 5 percent of Samsung's employees. "The efficiency wage theory is a way to pay a lot to employees and increase productivity and Samsung Electronics has paid a lot more than other companies and achieved results accordingly. The union is interpreted as having made excessive demands in order to stand out Samsung spent 48 trillion won on facility investments. "It is natural for a union to prioritize individual interests. However experts said the union is demanding too much. In 2021 a professor of the School of Business at Sejong University. "The company can only survive by investing astronomical amounts of money into research and development. But making absurd claims based on immediate profits is a faulty argument not taking into account the company's future and co-prosperity." Criticism is also raised over whether the union's demands are representative of all employees "The company has nothing to say about the negotiations between union and management. The union's actions are up to the union. It is not appropriate for the company to argue about it."