Samsung chip workers reject $340,000 one-time bonus, demand annual payouts like SK hynix's $900,000 — workers want share of AI windfall, impending 18-day strike could cost Samsung up to $11.7 billion

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https://www.tomshardware.com/tech-industry/big-tech/samsung-chip-workers-reject-usd340-000-one-time-bonus-demand-annual-payouts-like-sk-hynixs-usd900-000-workers-want-share-of-ai-windfall-impending-18-day-strike-could-cost-samsung-up-to-usd11-7-billion

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Negotiations between the National Samsung Electronics Union, which represents workers in the company’s chipmaking division, and management have seemingly broken down over a single issue. According to the Financial Times, the two sides are close to agreeing on an allocation of 13% of operating profit, which works out to be roughly $340,000 USD per employee, as a bonus to the workers. However, company management is only willing to give this as a one-time offer, while the union wants the allocation to be guaranteed annually and included in the agreement that the two sides will sign.

That “over a single issue” made it sound like some minor disagreement hah

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Modern news isn’t there to inform with facts, they exist to drive public opinion in the direction the controlling class wants.

A story reading:

Union demands a fair share of massive profits across all employees and rejects the ruling C suites making the lions share of the profit for themselves…

Doesn’t push the narrative the same way as:

Union shuts down the company for 18 days costing tens of billions of dollars in losses for a single issue.

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i would be very much ok with silicon shortages due to labor movements for a change.

fuck samsung btw.

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At least this would be a reason instead of them just giving imaginary stock to companies who are paying in imaginary money

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A strike would be fascinating. You can’t just stop a chip fab. There could be huge batch losses.

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OP

indeed, the workers hold a lot of power here

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I am scared to see what south Korea would do in response to a strike.

And realize I fully expect south Korea to not allow any labor power without knowing if that’s even the case

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