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facor alloys limited (532656) stock price movement ✌️【Fund Management】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. The National Samsung Electronics Union (NSEU) said that its 31,000 members — representing a nearly quarter of the company’s total workforce in the country — would launch an indefinite strike from July 10 — the largest labor action in the smartphone and chipmaking giant’s 55-year history.

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However, Son Woomok, the union leader, told 【 - Free Market Analysis Group 】 Monday that “it will take a long time to restore facilities that are shut down due to a strike.”

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It is hopeful about a resurgence in demand for mobile devices this year, particularly with the rollout of new products, such as AI-powered smartphones. Samsung Electronics said last week that it estimates a more than15-fold risein its second-quarter operating profit, as compared to the same time previous year.

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“Even though the operating profit is high, the company has been saying it’s in a crisis situation for over 10 years, and employees are increasingly dissatisfied with the lack of performance bonus increases,” he added.

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