Samsung to invest $117 million in southern Indian facility, minister says


South Korea’s Samsung Electronics will invest 10 billion rupees ($117.09 million) in its facility in southern India, a minister said on Friday, months after the plant faced worker protests following employee suspensions. The plant near Chennai has been in the spotlight in recent months after workers staged a sit-in over employee suspensions in February – the second major labour dispute there in under six months.

In September last year, hundreds of workers went on a five-week strike at the plant, seeking higher wages and union recognition before the electronics manufacturer agreed to address workers’ demands. The company’s additional investment “reinforces their faith in the labour force of Tamil Nadu state,” T. R. B. Rajaa, the state’s minister for industries, investment promotion and commerce, said on social media platform X, adding that Samsung would add 100 more jobs to the facility.

The workers’ union is at loggerheads with Samsung, accusing the company of union-busting tactics. Samsung, however, has maintained it is “compliant with all applicable laws.”

It currently employs more than 2,000 people. Samsung did not immediately respond to a request for comment. The minister did not give a time frame for the investment.


The factory makes refrigerators, televisions and washing machines, and accounted for a fifth of Samsung’s $12 billion India sales in 2022-23.

Discover the stories of your interest



Source link

Share

Latest Updates

Frequently Asked Questions

Related Articles

Alibaba Cloud announces new data centres in Malaysia, the Philippines

SynopsisAlibaba Cloud has opened its third data centre in Malaysia and plans to...

Capital One builds agentic AI modeled after its own org chart to supercharge auto sales

Join the event trusted by enterprise leaders for nearly two decades. VB Transform...
testing11