Search: union bonuses

Samsung reportedly set to distribute up to $26.6 billion to staff in AI-driven semiconductor bonuses after last-minute union deal — average payouts could approach $400,000 per chip employee

… Last September, SK Hynix settled with its own union to allocate 10% of annual operating profit directly to employees as performance bonuses for the next decade, while removing caps on bonuses. …

May 21, 2026 · Etiido Uko

Angry TSMC employees considering strikes, unionization over employee bonuses, report claims — company reportedly considering 15% payout cut to fund capex despite record revenues fuelled by AI surge

TSMC employees are openly discussing forming a union and staging a strike after rumors spread that the company plans to cut performance bonuses by approximately 15%, according to a DigiTimes report published today. …

May 26, 2026 · Luke James

Samsung meeting transcripts show memory workers offered incredible 607% bonus worth $477,000, while logic chip staff get as little as 50% — union says misbalance 'creates a retention crisis the company cannot afford'

… The union understandably rejects this reasoning, with its chairman, Choi Seung-ho, counterstating that a worker in the memory division receiving 500 million won in bonuses while a foundry colleague takes home 80 million won creates a retention crisis the company cannot afford. …

May 18, 2026 · Luke James

Samsung holds desperate final talks with union over 18-day chip factory strike that could cost $20 billion — government-mediated summit seeks to avert industrial action that could hit HBM production

… Market analysts project Samsung's 2026 operating profit at roughly KRW 300 trillion, which would translate to per-employee bonuses approaching KRW 600 million $408,000 in the semiconductor division under the union's formula. …

May 11, 2026 · Luke James

Samsung $400,000 worker bonuses near approval after clearing legal challenge — non-chip employees in line for just $4,000 launch last-minute bid to scupper deal with union

… Over 90% of eligible members of the larger Samsung Electronics Labor Union SELU , which led negotiations, had already cast ballots by Tuesday morning. …

May 26, 2026 · Luke James

Samsung narrowly avoids 18-day chip strike after last-minute wage deal with 48,000-worker union — tentative deal, subject to workers' vote, suspends billions of dollars worth of potential losses

… Exact terms of the agreement have not been fully disclosed, but the dispute centered on performance bonuses . The union had pushed for Samsung to allocate 15% of annual operating profit to employee bonuses and scrap a 50% annual salary cap on performance payouts. …

May 20, 2026 · Etiido Uko

Samsung's $400,000 payout for memory workers sparks revolt as other divisions get only $4,000, fueling intentional production slowdowns — internal resentment disrupts packaging operations, major AI chip project decisions to a complete halt

… Workers outside the memory unit have pushed back hard , with a smaller union representing DX employees filing a court injunction this week to block the larger, chip-dominated union from handling collective bargaining. …

May 23, 2026 · Luke James

Samsung's critical union negotiations break down eight days before planned 18-day chip factory strike that's projected to cost $700 million per day — Korean PM calls emergency meeting as strike looms

… Samsung has offered a one-time payment for 2026 but refused to commit to permanent changes in how bonuses are calculated, according to union representative Choi Seung-ho. …

May 13, 2026 · Luke James

Samsung chip workers reject $340,000 one-time bonus, demand annual payouts like SK hynix's $900,000 — workers want share of AI windfall, impending 18-day strike could cost Samsung up to $11.7 billion

… This demand stemmed from a comparison with SK hynix workers, who were guaranteed bonuses of $477,000 each this year , and almost doubled to $900,000 next year. Furthermore, these bonuses are guaranteed for the next ten years. …

May 7, 2026 · Jowi Morales

Samsung granted court injunction against imminent strike action in last-minute reprieve — talks resume as unions barred from occupying or locking facilities, obstructing workers

… A statement from the union reported by Reuters said that the action wouldn't stop the strike from going ahead if no deal can be reached, but that the union would "engage seriously" in negotiations. …

May 18, 2026 · Stephen Warwick

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