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

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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…



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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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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