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Samsung chip workers vote to accept $340,000 average bonus, ending months-long strike threat — resentment over…

Latest from Tom's Hardware ·Luke James·4 days ago
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(Image credit: Getty / JUNG YEON-JE) Samsung Electronics' largest union has ratified a compensation deal that will pay semiconductor workers an average bonus of roughly $340,000, according to Bloomberg . About 74% of the union's members voted in favor of the agreement, which was first reached last week, just 90 minutes before an 18-day general strike was set to begin at the world's largest memory chipmaker. But the deal has deepened internal rifts at the company: some memory division employees stand to receive 600 million won ($400,000) while staff in Samsung's smartphone, TV, and appliance divisions are looking at payouts of just 6 million won ($4,000). The agreement allocates 10.5% of Samsung's semiconductor division operating profit as stock-based bonuses, with an additional 1.5% in cash, plus a 6.2% average wage increase. The program runs for 10 years, contingent on the division hitting some lofty annual operating profit targets.…

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