Business
Samsung agrees to negotiate with employees amid fears of strike
Earlier, Samsung and its union employees came face to face. The employees are demanding higher wages and better working conditions. The reports suggest that the unions could go on strike if their demands are not met. Now a new report coming from South Korea, that Samsung has agreed to work out a solution with its union workers.
Last week, the trade unions requested a meeting with company executives. They are ready to negotiate with any Samsung co-CEO or with Samsung Group Vice Chairman and successor Lee Jae-Yong. The workers threatened to go on strike if they did not agree, which already has a legal right to do so. Now Samsung has agreed to negotiate with the unions.
However, it is unclear who will represent Samsung at next month’s conference. Industry officials point out that this is definitely not Lee Jae-Yong. Instead, it could be co-vice president Han Jong-hee or president Kyung Ke-Hyun, who is reported to be playing a new role in the company as co-CEO at the upcoming general meeting of shareholders.
There may also be some new names for labor representatives. Nationwide, Samsung Electronics Union, the largest of Samsung’s four unions, is reportedly in the process of electing new leaders through online voting.
According to reports, they are demanding a ten million won (approximately $8,400) increase in each employee’s annual salary. In addition, they want the performance-based bonus they pay employees to be equal to 25 percent of Samsung’s operating profit each year.
The company is now ready to come forward with a solution. Hopefully, it can negotiate a deal. The company certainly does not want its employees to go on strike, for the first time in its 53-year history. The Korean company already has a lot of internal issues.
Get notified –
Aside from SammyFans’ official Twitter and Facebook page, you can also join our Telegram channel, follow us on Instagram and subscribe to our YouTube channel to get notified of every latest development in Samsung and One UI ecosystem. Also, you can follow us on Google News for regular updates.
Samsung ranked first in market share in the global smartphone market in Q3, 2023. TrendForce report says that Samsung led the global Q3 smartphone market, recording a market share of 19.5%.
Overall production in the third quarter increased by 11.5% compared to the previous quarter to 60.1 million units. During the same period, Apple’s production increased by 17.9% to 49.5 million, thanks to iPhone 15.
Follow our socials → Google News | Telegram | X/Twitter | Facebook | WhatsApp
Third place was taken by Xiaomi (13.9%), followed by Oppo (12.6%) and Transion (8.6%). 6th place is Vivo (8%). Meanwhile, global smartphone production reached 308 million units, a 13% increase compared to the previous quarter and a 6.4% increase from the previous year.
Huawei’s re-entry into the flagship smartphone market targeting Apple has had a significant impact in China. Huawei is aiming to expand its high-end flagship series, focusing on the Chinese domestic market next year, so Apple “We plan to attack directly”.
// Source
In Q3 2023, Samsung and Apple’s market share slightly declined, while an underdog Chinese phone brand appeared on the top 5 chart. In a recent development, Canalys published market research data for the third quarter, revealing Tanssion as the fifth best-seller globally.
According to the info, Samsung and Apple lead total sales with 20% and 17% market share, yet both have fallen from their 22% and 18% levels in 2022. However, Tanssion, the maker of Tecno, Itel, and Infinix phones, climbed from 6% global market share last year to 9% in 2023, a 50% jump.
Follow our socials → Google News | Telegram | X/Twitter | Facebook | WhatsApp
Apart from this, Xiaomi matched last year’s share only by “recovering” from a terrible first half of 2023. At the same time, OPPO has fallen steadily over the past two years, while fellow BBK brand vivo lost the top-5 slot it’s owned for years.
Overall, the global smartphone market underwent a slight drop of 1% in Q3 2023. Bolstered by regional recoveries and new product upgrade demand, the smartphone market recorded a double-digit sequential growth in Q3, ahead of the sales seasons.
Recently, research agency Counterpoint Research published their latest analysis. The report reveals that Samsung continued its leadership in the third quarter of 2023, while Apple remained in the second spot. However, both OEMs faced a decline of 1 percent year over year.
According to CR, slower consumer demand is the main factor in the dwindling sales. The market did see a slight 2 percent growth in Q3 compared to Q2, likely driven by last month’s iPhone 15 series launch. Samsung secured 20 percent market share, while Apple grabbed 16 percent sales.
Follow our socials → Google News | Telegram | X/Twitter | Facebook | WhatsApp
The Galaxy A-series was the key driver for the South Korean smartphone maker. Apple came in second with 16 percent of the market while Xiaomi rounded out the top three with its 12 percent share. Oppo (10 percent) and vivo (8 percent) were the remaining brands in the top five charts.
The newly released iPhone 15 series will help Apple score a lead over Samsung in the fourth quarter of the year. The results will arrive by early next year, and it’s expected that the US phone maker could surpass Samsung. Major camera upgrades and USB-C helped Apple register strong sales.