Samsung India suffers $100m loss due to 37-day union strike, unresolved by state negotiations.

Samsung India Electronics Private Ltd (SIEPL) reported a loss of around $100 million due to a 37-day strike by employees seeking to register a union affiliated with the Centre of Indian Trade Unions (CITU). The strike, which ended on October 15, involved negotiations with the state government but did not resolve the union registration issue. The Madras High Court granted SIEPL until November 11 to file a counter affidavit regarding the union's name and registration.

October 22, 2024
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