Posts tagged Samsung
Ports strike would leave Walmart, Ikea, Home Depot with few import options, union warns
September 29, 2024 // These companies are among the leading importers at the 14 major ports that an ILA strike would impact, according to ImportGenius. Overall, between 43%-49% of all U.S. imports and billions of dollars in trade monthly are at stake as the union moves closer to the Oct. 1 deadline for a new contract, over which talks between the union and ports management broke down in June and have not resumed. Cruise operations at ports would continue. “To stop trade entering the U.S. on such a large-scale, even for short period of time, is highly-damaging to the economy so government intervention will be needed to bring the matter to a resolution for the good of the nation,” warned Peter Sand, chief shipping analyst at Xeneta. “A strike lasting just one week will impact schedules for ships leaving the Far East on voyages to the U.S. in late December and throughout January.”
Samsung union kicks off three-day strike over unfair pay
July 8, 2024 // The President of the NSEU told Reuters “What we think is the most important for this strike is to disrupt production, so we’ve been mainly encouraging those working on the production line to join the strike so they can directly impact it.” Those hitting the picket lines include workers who oversee automated production lines and equipment. However, with just over 6,500 workers striking this week - about 5% of the entire workforce - Samsung says it does not expect to see a drop in production at a time when demand is booming for AI chips.
Biden Grants Micron $6.1 Billion for New US Chip Factories
April 25, 2024 // Micron is expected to build two new chip manufacturing plants in Clay, New York as part of the funding deal. It will also build a third in Boise, Idaho, where it already has a substantial presence. Micron will also receive state tax breaks from New York as it builds the new plants. The three plants will likely create 20,000 direct jobs as well as another 50,000 indirect jobs as the plants begin construction, according to the release. Micron is also supporting apprenticeships at the new plants, supports worker union organization, and is entering into project labor agreements (PLAs), a type of construction-specific collective bargaining agreement, for the plants.
The United Auto Workers Meet Electrification
August 22, 2023 // LeRoy and Whiton calculated in their report that battery factory subsidies will range from $2 million to $7 million per job over the ten-year duration of the 45X program. One of their case studies is the $3.5 billion BlueOval Battery Park in Marshall, Michigan. So far, the facility has been awarded $1.7 billion in state and local government subsidies, in addition to qualifying for an expected $6.7 billion in federal 45X credits. Yet wages at the battery plant will average around $45,000 a year. The gap between the sheer amount of money on the table for manufacturers and the quality of job it translates into is the IRA’s weakest link. “The states where these facilities are located should be publicly saying that in exchange for such subsidies the company should allow for voluntary [union] recognition votes,” LeRoy suggested.