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WSJ Tech News Briefing

TNB Tech Minute: Thousands of Samsung Workers Go on Three-Day Strike

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 8 July 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, the artificial intelligence boom is helping lift the pay packages of chief information officers. And Shanghai becomes the latest Chinese city allowing robotaxis to operate without safety supervisors present. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Here's your TMB Tech Minute for Monday, July 8th.

0:05.0

I'm Zoe Thomas for the Wall Street Journal.

0:08.0

Thousands of Samsung Electronics, unionized workers in South Korea

0:12.0

are taking part in a three-day strike according to

0:15.1

union leaders. The National Samsung Electronics Union which claims to represent

0:19.7

nearly a quarter of the company's workforce said that about 6,500 workers went on strike across

0:25.9

South Korea today. The union leaders said workers are pressing for higher wages and better

0:31.2

working conditions.

0:32.6

Samsung is the world's largest maker of memory chips and smartphones.

0:36.9

It said there were no immediate disruptions to production.

0:40.3

Salaries and pay packages of chief information officers are reaching new heights,

0:45.0

helped by the artificial intelligence boom.

0:47.0

The gains reflect how corporate tech leaders are increasingly taking on new AI-related responsibilities.

0:54.0

Over the past year, compensation for CIOs at large enterprises increased by around 7.5% on average.

1:01.6

Among mid-sized enterprises, compensation increased 9 percent.

1:05.7

That's according to salary data from consulting firm Janco Associates.

1:09.8

According to IT Executive Recruiting firm Heller Search Associates, overall CIO and Chief Technology

1:16.5

Officer Compensation is up more than 20% since 2019, with boosts to base pay and equity packages.

1:25.0

And Shanghai has been added to a list of Chinese cities allowing driverless roboo taxis

1:31.0

to operate without safety supervisors present.

1:34.4

City officials said over the weekend that residents in parts of the city can now book free rides

1:38.9

and self-driving cabs from four companies. The move follows similar initiatives in three other

...

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