Technology

Professor Kwon Seok-joon at Sungkyunkwan University previously estimated that the 18-day walkout alone would cause 10 trillion to 17 trillion won ($17 billion) in direct losses, while JPMorgan has projected total losses of up to 43 trillion won ($28 billion) when factoring in labor costs and extended production disruption.

Nice☺️ Let them suffer even more!

Samsung sent a letter to the union today following the collapse of talks earlier this week, proposing that both sides resume talks without preconditions on Saturday, but union head Choi Seung-ho rejected the overture, telling Korean media that negotiations could take place after June 7, the scheduled end date of the strike.

You had years to make things right, cunts, so you can suffer through 18 days of losses at the very least.

If you weren't such horrible greedy abominations, you could have just given the 28 billion in bonuses. Fucking greedy cunts should pay hundred fold now.

https://www.techspot.com/news/112343-samsung-chip-workers-reject-340000-bonus-sk-hynix.html

For context, Samsung offered the workers a one-time $340K bonus. Workers refused, since their competitor SK-Hynix has annual employee profit-sharing. SK employees are getting $477K bonuses this year, and $900K next year. The 18 day strike will cost Samsung around $250K loss per employee. This likely won't be the last strike.

The disputes are over profits from HBM memory used in AI servers. Expect memory prices to keep going up.

How could daily losses hit $2B when their company-wide yearly revenue is $25B

Ohh, poor corporation, if only there was a way to not make that happen. Oh wait, there is, just pay them good money

According to the Seoul Economic Daily, daily losses could approach 3 trillion won ($2 billion) if fabrication lines are paused entirely. Professor Kwon Seok-joon at Sungkyunkwan University previously estimated that the 18-day walkout alone would cause 10 trillion to 17 trillion won ($17 billion) in direct losses, while JPMorgan has projected total losses of up to 43 trillion won ($28 billion) when factoring in labor costs and extended production disruption.

Wow. What a huge amount of money to lose just because you won't pay your highly skilled workers more.

As @osanna@lemmy.vg said, you really have to wonder how much it would cost Samsung to pay their workers more if they're willing to tank a potentially $20-40 billion loss instead of giving the union what they're asking for.

Wild that when it comes to a strike, it's always cheaper to just concede and companies never do. Ever.

Samsung should start making their own OS or google will probably kill their phone brand over time.

Cucks.