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 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 to that, Samsung will set aside 10.5 percent of its annual operating profits to issue stock-based bonuses to semiconductor employees.
Much of the negotiation hinged on how those stock bonuses would be distributed, according to The New York Times. The final deal sees 40 percent of...
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