
Samsung Chip Bonus Plan Faces Shareholder Opposition
Samsung Electronics introduced a new bonus payout formula for its chip division, planning to fund it through share buybacks. However, a group of shareholders has vowed legal action against the tentative wage deal with the union.
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Samsung chip bonus breakdown: How new payout formula works
Samsung Electronics’ memory-chip employees could receive close to 600 million won ($398,900) each in combined incentives this year, while colleagues in loss-making chip units may receive less than a third of that amount. The gap is built into the bonus formula at the center of Samsung’s tentative labor deal, which creates a floor for all semiconductor employees but lets memory business staff earn far more because the biggest portion of a workers' bonus is tied to the performance of the business
By The Korea Herald
Read full article →Group of Samsung Electronics shareholders vows legal action against tentative wage deal with union - Yonhap News Agency
Group of Samsung Electronics shareholders vows legal action against tentative wage deal with union Yonhap News Agency
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