…The government-mediated agreement, struck last week to avert an 18-day general strike by 48,000 workers, allocates 10.5% of Samsung's semiconductor division operating profit as stock-based bonuses…
…Workers say the company's historical practice of returning roughly 13% of retained earnings as employee bonuses has been cut, even as profits climb, and they’re pointing to Samsung’s recent…
Following a last-minute deal yesterday between Samsung Electronics and its South Korean workers’ union, the company will reportedly distribute 40 trillion won ($26.6 million) in bonuses to chip employees. According…
…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. Their initial demand was a 15…
Samsung’s decision to distribute nearly 40 trillion won ($26.6 billion) in bonuses to its chip division employees has faced backlash from workers in non-chip divisions, such as smartphone manufacturing…
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…
…Similarly, the LSI division employees will take home around 160 million won (~$100,000) in bonuses. Given the 100x difference in the bonuses for Samsung workers in memory and mobile divisions, the…
…Samsung, who've received no such ministrations, and likely won't unless next week's union-led strike succeeds in formalizing regular performance bonuses of as much as 15 percent of Samsung…
…At Samsung, the unequal bonuses had led to deep divisions between workers at the different units, and caused several employees to quit, the union said. The agreement does not give workers everything…
…guaranteed bonuses of $477,000 this year and almost $900,000 next year has also brought worker compensation into sharp focus. The negotiations are further strained by fractures within Samsung's own…
