Samsung Chip Employees To Get Average $338,000 Bonus Under Strike Deal

Samsung Electronics chip employees are expected to receive average bonuses worth approximately $338,000 this year under a tentative deal between management and labor unions to avert a strike. The provisional agreement introduces a new bonus pool for employees in the semiconductor division, equivalent to 10.5 percent of the division’s operating profit, to be paid in stock, combined with an additional 1.5 percent in cash. Some shareholders have vowed to pursue legal action against the agreement, arguing it lacked legal validity.