Samsung’s memory chip employees negotiated $340,000 bonuses this year
Details have emerged about a tentative deal struck between Samsung and semiconductor employees who had threatened to strike. The deal reportedly makes some workers eligible for average annual bonuses of $340,000. The proposed 18-day strike had hinged on Samsung's bonus cap for employees in the semiconductor division and followed a substantial rise in the possible […]
48,000 Samsung workers had threatened to strike unless bonus caps were lifted. | Photo: Jung Yeon-je / AFP via Getty Images
Details have emerged about a tentative deal struck between Samsung and semiconductor employees who had threatened to strike. The deal reportedly makes some workers eligible for average annual bonuses of $340,000.
The proposed 18-day strike had hinged on Samsung's bonus cap for employees in the semiconductor division and followed a substantial rise in the possible bonuses available to employees of SK Hynix, another South Korean chipmaker enjoying a boom thanks to demand for AI components.
Under the terms of the new deal, Reuters reports that all ​chip workers will receive 50 percent of their annual salary as a regular bonus in cash. Further …
Read the full story at The Verge.