Samsung memory workers call off strike and may score six-figure bonuses
PLUS: Huawei says it’s replaced Moore’s Law; Chinese mobile plans add token allowances; Singtel slinging Optus; And more!
ASIA IN BRIEF Workers at Samsung Electronics may score bonuses of well over $100,000 after calling off a planned strike.
Samsung’s profits recently shot into the stratosphere along with the price of memory and solid-state storage. Staff threatened to strike if the company did not share some of the largesse.
Last-minute talks saw the National Samsung Electronics Union (NSEU) agree not to strike, after Samsung agreed to create a fund that will share profits with workers. A Bloomberg report suggests some workers could be in line for payments of $340,000 under the scheme.
The Union is now running a vote on whether to approve the plan.
Workers appear to have mixed feelings about the plan, as on Sunday the Union published a postin which it tries to justify the settlement as...
Copyright of this story solely belongs to theregister.com. To see the full text click HERE
