Samsung Electronics Memory Division to Receive 600 Million Won Per Person… Even Loss-Making Divisions to Receive At Least 160 Million Won (Roundup)
5 Articles
5 Articles
Some shareholders have expressed their opposition and promised legal action.
Agreement Reached on Special Performance Bonus at '10.5% of Business Performance'… Existing OPI System to Be Maintained All in Treasury Stock with No Cap on Payout Rate… Funding 31.5 Trillion Won from 300 Trillion Won in Operating Profit Reporters Im Seong-ho and Kang Tae-woo = Samsung Electronics management and labor fix the 10% range of business performance as the performance bonus source
“Last year, the Mobile Experience (MX) division generated strong operating profits, allowing us to meet the 50% annual salary cap for the Operating Profit Incentive (OPI). However, I am anxious that the bonus will likely be significantly reduced this year due to rising component prices. The Device Solutions (DS) division is projected to see substantial growth in operating profits this year, and if the bonus cap is removed, the gap between us and…
On average, each employee will receive a bonus equivalent to 509 million won (approximately $338,000), according to a preliminary agreement between Samsung Electronics and the labor unions.
Coverage Details
Bias Distribution
- 75% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
