A 37-day-long strike by workers at Samsung Electronics' unit in Sriperumbudur was called off on Tuesday following their extensive negotiations with the management and the Tamil Nadu government. The agreement encompasses an earlier wage hike decision, an assurance that no disciplinary action will be taken against those who participated in the strike, and a commitment by workers to refrain from any "pre-judicial" actions against the company.
At the heart of the strike were calls by the workers, led by the Centre of Indian Trade Unions, for a wage increase -- a demand that Samsung management had already conceded to early on. However, the CITU extended the strike to press for official recognition of its union at the factory, a matter now pending in court. As part of the settlement, both parties agreed to await the court's verdict on union recognition.
The state government has expressed support for the union's registration, and with this, the CITU has consented to cease all strike activities.
This story is from the October 16, 2024 edition of Business Standard.
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This story is from the October 16, 2024 edition of Business Standard.
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