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Technology Stocks : OLED Universal Display Corp
OLED 119.14+5.7%3:59 PM EST

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To: Dkjunior143 who wrote (26118)6/21/2021 10:38:57 AM
From: I'manoledguy1 Recommendation   of 27614
The supply of AMOLED panels by Samsung Display (SDC) for production of Apple's next-generation iPhone devices slated for launch in the latter half of 2021 is unlikely to be affected by a strike reportedly to be taken by its workers starting June 21, according to sources from Taiwan's panel industry.

The strike is being scheduled after SDC's management and its labor union failed to reach an agreement on the salary increases planned for 2021 after repeated negotiations.

The labor union had asked for a 6.8% increase in salary, but the management had insisted on the 4.5% set by the previous labor-management consultation meeting.

However, the sources said it appears that only workers at SDC's LCD panel production lines may join the strike, and those who are working at the AMOLED lines will not be involved.
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