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gateway distriparks limited (gateway) quarterly results are out ✌️【Fund Management】✌️ Free break-even services to create a customized investment plan, helping you recover quickly and achieve 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.

gateway distriparks limited (gateway) quarterly results are out ✌️【Fund Management】✌️ Real-time global stock, futures, and forex data to help you quickly assess market trends and achieve stable returns. 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.

gateway distriparks limited (gateway) quarterly results are out ✌️【Fund Management】✌️ Free stock selection service with professional advisors offering the best investment portfolio for stable 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.

gateway distriparks limited (gateway) quarterly results are out ✌️【Fund Management】✌️ Real-time global stock trend and futures data to help you plan investment strategies for long-term returns. 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.

gateway distriparks limited (gateway) quarterly results are out ✌️【Fund Management】✌️ Expert predictions of stock trends with real-time stock indices, futures, and metals, energy quotes to help you seize investment opportunities. 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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gateway distriparks limited (gateway) quarterly results are out ✌️【Fund Management】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. 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.”

gateway distriparks limited (gateway) quarterly results are out ✌️【Fund Management】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. 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.”

gateway distriparks limited (gateway) quarterly results are out ✌️【Fund Management】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Stock Market Strategy Classes 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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