Samsung Wage Talks Collapse Ahead of Planned 18-Day Semiconductor Strike
… The union is demanding that Samsung allocate 15% of operating profit toward employee bonuses and remove limits tied to performance-based compensation. …
… The union is demanding that Samsung allocate 15% of operating profit toward employee bonuses and remove limits tied to performance-based compensation. …
… The union is disputing issues involving bonus pay, which it sees as insufficient compared to Samsung's corporate memory rival SK Hynix, who's passing on its AI-fueled profits to employees. …
… In essence, the ongoing dispute centers around the union’s demand that Samsung uncap performance payouts and set them at 15% of operating profit. …
… Under Wednesday’s deal, Samsung semiconductor workers will get 10.5 per cent of operating profits, on top of an existing company-wide bonus scheme. The new bonus pool will be split between division-wide payouts and rewards tied to individual business units. …
… TSMC has not formally announced bonus cuts. …
… From Kenya to San Francisco Under the terms of the proposal at Samsung, the company abolished a cap on bonuses, and will link bonuses to operating profits. It will also set aside about 10.5% of operating profit for special bonuses for the chip division. …
… The union is calling for Samsung to set aside 15 percent of operating profits to be paid out to employees as part of a bonus pool, and for the current maximum limit on bonus payments to be abolished. …
… Management and unions are close to agreeing the bonus amount. A person familiar with the talks said Samsung had offered about 13 per cent of operating profit. The awkward bit is whether those bonuses become company rules and get paid every year. …
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