… The workers argue that even though Samsung is much larger, their bonuses only equate to less than 30% than what SK hynix offers to its people. …
Internal Samsung wage negotiation transcripts obtained by Reuters show the company proposed bonuses of 607% of annual salary for its memory chip division in March, while offering workers in its loss-making foundry and System LSI businesses between 50% and 100%. …
… 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. …
… 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 . …
… Workers had compared their compensation unfavorably to rival SK hynix, which offered more generous bonuses last year. But while the strike threat is over, the resentment it exposed isn’t; only about 21% of Samsung's smaller union, which represents mostly non-chip staff, approved the agreement. …
… Bonuses at the company remain guaranteed for the next 10 years, putting Samsung's offer in the shade. …
… Big Tech The Samsung workers union could potentially cripple the company's production if management refuses to meet their demands. Big Tech Workers at Samsung's largest chip fab staged a rally today, demanding higher pay and bonuses, comparing their compensation to what SK hynix offers its people. …
Tech Industry Latest about Tech Industry Google cybersecurity boffins found at least one AI-developed zero-day exploit By Bruno Ferreira Published 12 May 26 Cybersecurity Microsoft's massive Kenya AI data center would require switching off 'half the country' to meet power requirements, government s… …
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