… And while memory is hitting sales records, the other two aren’t doing so hot. Samsung wants to focus bonuses on memory employees – the 27,000 strong workforce can receive bonuses that are at least six times higher than those that employees in the LSI and foundry business will receive. …
… However, with potential bonuses that can exceed the lifetime earnings of workers in other sectors, competition for roles is sky-high. The bonuses are also reshaping decision-making within the companies themselves. …
… 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. …
… Under the tentative deal , employees in Samsung's memory division stand to receive bonuses of roughly 600 million won ~$400,000 . In contrast, workers in the DX Device eXperience division, which covers smartphones, TVs, and home appliances, would receive approximately 6 million won ~$4,000 . …
… As a result, Samsung agreed to pay nearly $26.6 billion in bonuses to chip workers, with some employees set to receive as much as $416,000. …
… The labor union had demanded the company allocate 15% of operating profit to bonuses for all workers, not just those at the memory chip division that supplies Tesla, Nvidia, and other big tech companies. “As the AI industry drives record operating profits, union members are in a structure where the… …
… A recent report that SK hynix workers can expect guaranteed bonuses of $477,000 this year and almost $900,000 next year has also brought worker compensation into sharp focus. …
… 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. …
… Unions are threatening a strike unless the chipmaker improves wages and bonuses. Two Samsung unions want the company to pay workers 15 per cent of each division’s operating profit. …
… As reported by Reuters, output for Samsung’s foundry and memory chips “dropped 58 percent and 18 percent, respectively, during the overnight shift on Thursday as unionized workers attended a protest demanding higher wages.” Samsung is currently the world’s largest DRAM and NAND memory company, w… …
