Jowi Morales is a tech enthusiast with years of experience working in the industry. He\u2019s been writing with several tech publications since 2021, where he\u2019s been interested in tech hardware and consumer electronics. ","collapsible":{"enabled":true,"maxHeight":250,"readMoreText":"Read more","readLessText":"Read less"}}), "https://slice.vanilla.futurecdn.net/13-4-22/js/authorBio.js"); } else { console.error('%c FTE ','background: #9306F9; color: #ffffff','no lazy slice hydration function available'); } Jowi Morales Social Links Navigation Contributing Writer Jowi Morales is a tech enthusiast with years of experience working in the industry. He’s been writing with several tech publications since 2021, where he’s been interested in tech hardware and consumer electronics.
GenericUser2001 I will give the union credit for being smart about pay demands; demanding lots of money when the company is doing well and pulling heavy profits is the sensible time to do so. A lot smarter than the unions that don't do anything until a business is faltering and laying people off, and then they think its a good time to strike. Reply
ezst036 This is a massive show of greed. All of these current profits are temporary. Their contracts are based on stable longer term company performance. They are actively working to get future people fired because of this once stability returns and all of this temporary AI-driven memory demand goes away. The workforce is going to be too big comparative to their payscales and known realistic DRAM sales. Contracts should always be written in light of stable times to protect everybody's jobs. Reply
RealityChex These people are why modern labor unions shouldn't exist at all! US $400,000 bonus isn't enough? If they are willing to pay into the company during hard/slow times, they may have an argument. As it is, they want all of the benefits of success, but none of the risks of failure. Reply
sftwn Very proud of the union for doing this. For those that think it's unfair because it somehow risks future jobs, it shouldn't. (Is this based on the idea the company will keep the excess cash on hand?) That money will immediately be either reinvested or, more likely, paid out as executive bonuses. It's not greedy for the hands that run the machine to get their piece of the pie too. Good on them! Reply
jabliese RealityChex said: These people are why modern labor unions shouldn't exist at all! US $400,000 bonus isn't enough? If they are willing to pay into the company during hard/slow times, they may have an argument. As it is, they want all of the benefits of success, but none of the risks of failure. You skipped the 50% cap. Bonus is capped at 50% of their current paycheck. I imagine most of Samsung's employees do not make 800,000 a year, so most of them will not get a 400k bonus. Reply
Mr Giggles Uh how do I become a Samsung chip maker Reply
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/big-tech/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/big-tech/more-than-30-000-samsung-union-members-take-to-the-streets-to-demand-an-average-bonus-of-usd400-000-per-worker-may-21-strike-date-looms-union-points-to-rival-sk-hynix-granting-higher-bonuses-to-its-employees#main
- https://www.tomshardware.com/subscription
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Informational only. No financial advice. Do your own research.