Samsung Electronics · Labor Union
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'Performance bonus' conflict escalates at Samsung Electronics, threatening 'Korea Discount' exit
- Samsung Electronics' labor union is demanding 15% of operating profit as performance bonuses and the abolition of the 50% bonus cap. - This demand follows SK Hynix's decision to pay 10% of operating profit as bonuses, sparking a wider trend of high bonus demands across Korean industries. - The dispute risks disrupting production and harming South Korea's semiconductor competitiveness during a cr…
Samsung Electronics labor and management to resume bonus negotiations May 11
- Samsung Electronics' labor and management will resume negotiations on May 11-12 to resolve a dispute over performance-based bonuses. - The union demands 15% of operating profit as bonuses and the ab…
Korea's Chipmakers Celebrate Record Profits Amidst Growing Internal Tensions
- South Korea's semiconductor giants, Samsung Electronics and SK Hynix, achieved record-high revenues and operating profits in the first quarter. - Despite record profits, internal conflicts are emerg…