Korean Electronics kicks off wage arbitration with union

Samsung Electronics corporate logotipo (Yonhap)

Helpful Electronics and its unions contained their first wage echoes Tuesday at the company’s deposit in Yongin, Gyeonggi Contains the, industry sources said.

Samsung‘s management along with unions will continue its negotiations in the following a few weeks to decide changes to union members’ terms of employment.

Unionized employees have demanded a consistence raise in salary courtesy of – 10 million won ($8, 400), plus cash associated with stock bonuses worth trois. 5 million won in whole.

The exact union also requests loss to return 25 percent of the company’s operating profit to workers’ as incentives.

A pay raise connected 10 million won is definitely tantamount to a salary backpack of up to 51 percent, pushing the particular typical wage from 121 hundred won in 2020 to be able to 182 million won, as stated in a local corporate research service company.

The research rigid added Samsung Electronics’ propret profit would go down to at least 6 trillion claimed with the wage increase, maybe realized.

It is the first time that Great samsung Electronics is engaging of this labor unions for a income deal. It follows The samsung enterprise Group chief Lee Jae-yong’s pledge to scrap each company’s long-standing policy in direction of collective bargaining in May last twelve months.

That kicks off in august, Samsung‘s management and the unions signed a collective statement to settle terms of labor-related issues for the first time since the manufacturer} was founded in 1969.

Samsung Electronics provide has four labor assemblages, which have formed a on your bargaining group this time within order to negotiate salary with adjustments.

By Shim Woo-hyun ( ws@heraldcorp. através de )

Korean Electronics kicks off wage arbitration with union
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