semiconductor / news / / International Business Times
Samsung workers in South Korea voted to approve a major compensation agreement.
Samsung will allocate 10.5% of semiconductor operating profit for employee bonuses, paid mostly in stock.
KEY POINTS
- Workers in Samsung's memory chip business could receive up to $398,000 if profit targets are met.
- The strike was averted after 74% of over 62,000 union members approved the compensation deal.
- Unions in Samsung's consumer and appliance divisions are legally challenging the semiconductor-focused bonus structure.
- The agreement increases pressure on SK Hynix and highlights growing labor activism regarding AI-driven profits in South Korea.
COMPANIES
Summarized by Newsio from International Business Times. How we summarize →