Workers' strike hit production at Samsung's Chennai unit, output disrupted

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Workers' strike hit production at Samsung's Chennai unit, output disrupted - Business Standard

Quick Summary:

According to media reports, the Sriperumbudur plant contributes around 20-30 per cent of Samsung's $12 billion annual revenue in the country.

Interestingly, SIWU was formed in July with CITU backing at the South Korean electronics giant's factory in Sunguvarchatram, near Sriperumbudur.

Since its entry into India in 1995, the company has consolidated its market leadership with two factories (in Noida, near New Delhi, and in Sriperumbudur), five R&D centres, and one design centre.