… According to the Financial Times , the two sides are close to agreeing on an allocation of 13% of operating profit, which works out to be roughly $340,000 USD per employee, as a bonus to the workers. …
… Doris Hsu, chairperson of silicon wafer manufacturer GlobalWafers, has weighed in on the broader debate, saying that across GlobalWafers' 18 factories in nine countries, some have unions and some don’t, and that the key factor in business performance is whether a company shares profits with workers… …
… Now, these unionized workers are back at it, threatening a much longer, 18-day protest-led work hiatus. At the heart of this issue lies a perception mismatch, where Samsung is seen ripping off its workers to earn ginormous profits . …
… A group of individual shareholders has separately threatened to sue, arguing that the profit-linked bonus scheme amounts to a distribution of company funds that requires a shareholder vote under South Korean commercial law. …
… Source Add as a preferred source on Google Add as a preferred source on Google Related articles Samsung's memory division posts massive profits for Q1, smartphones still profitable Samsung's Exynos 2700 SoC for Galaxy S27 series to reportedly ditch WLP technology Apple is looking to diversify its c…
… The workers at the center of this boom argue that since they are active facilitators of the hardware, they deserve a share of the profits. …
… Dissatisfaction grew among workers as Samsung’s semiconductor profits surged on AI-driven memory demand, with workers comparing their payouts to those at rival SK Hynix, which has offered more generous bonus structures. …
… The majority of the bonus will also be limited to stock, while SK Hynix bonuses can be issued in shares or cash, and Samsung has also made the bonus payments conditional on the company hitting profit milestones. …
… Hynix has agreed to set aside 10 per cent of its operating profit for workers for the next decade. For SK Hynix workers, that could be a tidy little earner. Broker Meritz Securities forecasts SK Hynix will make 250tn won €146.8bn in operating profit this year. …
… Meanwhile, workers in Samsung's DX division, which covers smartphones, TVs, and home appliances, have pushed for companywide profit-sharing to be included in the talks. …