Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

India asks Tamil Nadu state to intervene in Samsung workers strike, government source says

admin by admin
September 25, 2024
in Economy
0
India asks Tamil Nadu state to intervene in Samsung workers strike, government source says
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

By Shivangi Acharya

NEW DELHI (Reuters) -India’s federal labour minister asked the southern state of Tamil Nadu to resolve a weeks-long strike by workers at Samsung Electronics (KS:005930), a government source said on Wednesday.

The protests – the biggest such in India in recent years – at the South Korean group’s plant near Chennai has disrupted operations, with over 1,000 of the 1,800 workers demanding higher wages and union recognition.

In a letter addressed to Tamil Nadu Chief Minister M.K. Stalin, labour minister Mansukh Mandaviya has urged the state government to intervene for an “early and amicable” resolution, the source, who did not want to be named as the document has not been made public, said.

Reuters could not independently verify the contents of the letter.

Samsung and the Tamil Nadu government did not immediately respond to Reuters requests for comment.

The labour unrest which began on Sept. 9 is an overhang on Indian Prime Minister Narendra Modi’s mission to attract foreign investment for manufacturing in the country and to triple electronics production to $500 billion in six years.

The Tamil Nadu plant accounts for about a third of Samsung’s $12 billion annual revenue in India.

The South Korean company has defended its wages, saying its workers at the Tamil Nadu plant are paid almost twice as much as employees in nearby plants belonging to other companies.

Its India HR team has also written an email to some striking workers, warning them of pay being withheld for days they don’t work.

This post appeared first on investing.com

Previous Post

US 30-year mortgage rate slips to 6.13%, refinancing jumps

Next Post

Hewlett Packard Enterprise upgraded to “Overweight” by Barclays

admin

admin

Next Post
Hewlett Packard Enterprise upgraded to “Overweight” by Barclays

Hewlett Packard Enterprise upgraded to “Overweight” by Barclays

Trending News

Convenience stores are eating fast-food chains’ breakfast

Convenience stores are eating fast-food chains’ breakfast

September 15, 2025
It was never about peace: what’s really behind Trump’s retreat from the war in Ukraine

It was never about peace: what’s really behind Trump’s retreat from the war in Ukraine

May 21, 2025
XRP Price Prediction After Res-Osprey Spot ETF Launch on September 18

XRP Price Prediction After Res-Osprey Spot ETF Launch on September 18

September 14, 2025
Subscribe to Insightful Word


    Recent News

    Citi raises McDonald’s price Target to $381, sees growth ahead

    Citi raises McDonald’s price Target to $381, sees growth ahead

    September 17, 2025
    Nio stock price forecast: why it is soaring and what next

    Nio stock price forecast: why it is soaring and what next

    September 17, 2025
    Nvidia CEO Jensen Huang disappointed at China ban, acknowledges geopolitcal pressures

    Nvidia CEO Jensen Huang disappointed at China ban, acknowledges geopolitcal pressures

    September 17, 2025
    US stocks flat at open ahead of Fed decision: Nasdaq slips 0.1%, Dow up 150 pts

    US stocks flat at open ahead of Fed decision: Nasdaq slips 0.1%, Dow up 150 pts

    September 17, 2025

    Recent News

    Citi raises McDonald’s price Target to $381, sees growth ahead

    Citi raises McDonald’s price Target to $381, sees growth ahead

    September 17, 2025
    Nio stock price forecast: why it is soaring and what next

    Nio stock price forecast: why it is soaring and what next

    September 17, 2025

    Latest News

    • Citi raises McDonald’s price Target to $381, sees growth ahead
    • Nio stock price forecast: why it is soaring and what next
    • Nvidia CEO Jensen Huang disappointed at China ban, acknowledges geopolitcal pressures

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.