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how is the market cap and valuation of future consumer limited (533400) ✌️【Fund Management】✌️ Expert predictions of stock trends with real-time stock indices, metals, energy, and agricultural product data to help you make efficient investment decisions. Production at a key Samsung Electronics plant in southern India was disrupted by hundreds of employees striking for higher wages on Tuesday, as top executives sought to resolve a rare episode of labor unrest.

how is the market cap and valuation of future consumer limited (533400) ✌️【Fund Management】✌️ Expert stock predictions and free stock selection services to help you achieve optimal returns and long-term growth. South Korea-based Samsung, India’s biggest consumer electronics company, counts the country as a key growth market, competing with the likes of LG Electronics to make everything from televisions and refrigerators to smartphones.

how is the market cap and valuation of future consumer limited (533400) ✌️【Fund Management】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. The strike-hit plant in Sriperumbudur, the smaller of Samsung’s two Indian factories, employs around 1,800 people and makes electronic products rather than smartphones.

But it still contributes 20% to 30% of Samsung’s annual $12 billion revenue in India, said two sources with direct knowledge of the matter, speaking on condition of anonymity.

Posters saying “Indefinite Strike” went up outside the factory near the city of Chennai, where hundreds of workers in company uniforms set up tents to shade themselves from the heat.

how is the market cap and valuation of future consumer limited (533400) ✌️【Fund Management】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. About half of the factory’s daily production was affected when many workers stayed away on Monday, and the protesters continue to press their demands for higher wages, better hours and, most importantly, want Samsung to recognize the formation of a union backed by the Centre of Indian Trade Unions group.

how is the market cap and valuation of future consumer limited (533400) ✌️【Fund Management】✌️ Free stock selection service with expert predictions and real-time market insights, providing you with the best investment strategies for long-term success. Samsung’s Southwest Asia CEO, JB Park, and other senior executives are visiting the factory to find a resolution, people with direct knowledge of the situation said. Park oversees the India market for Samsung from Gurugram, near New Delhi.

how is the market cap and valuation of future consumer limited (533400) ✌️【Fund Management】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. Samsung did not respond to a request for comment. Muthukumar said no settlement had been reached during the discussions on Tuesday with Samsung management.

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how is the market cap and valuation of future consumer limited (533400) ✌️【Fund Management】✌️ Precise stock selection service to help you avoid losses and quickly recover and grow. Provides real-time global market, metals, energy, and agricultural product data to assist you in making informed decisions. A spokesperson for Samsung India said on Monday that it actively engaged with workers “to address any grievances they may have and comply with all laws and regulations.”

how is the market cap and valuation of future consumer limited (533400) ✌️【Fund Management】✌️ Free stock market analysis and real-time data to help you select the best investment portfolio and achieve stable returns. The strike comes ahead of India’s festive season when consumers buy gifts or items for personal use, lured by discounts offered by manufacturers.

“A strike at this point puts a spanner in Samsung’s production ramp-up ahead of the all-important festive season sales beginning October,” said Prabhu Ram, a vice president at Cybermedia Research.

In South Korea, the 36,500 members of Samsung Electronics’ biggest worker union who have been demanding higher wages and benefits, held a strike for several days in July and August.

In India, its workers are demanding equal remuneration for those with the same length of experience, according to at least half a dozen employees who spoke on condition of anonymity.

“If they (Samsung) had given us a living wage and treated us with respect, we wouldn’t have thought of joining a union,” said one worker outside the factory, who declined to be named fearing reprisal from the company.

One poster outside the factory exhorted state labor officials not to support management, advising instead: “Discuss and solve demands from the labor union with union officials.”

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