Seoul: Samsung’s administration and its staff agreed to a mean 5.1 per cent pay elevate for the yr, sources stated on Friday.
The world’s largest reminiscence chip and smartphone maker reached an settlement with representatives of its staff over wages and lengthening maternity depart, in line with the sources, stories Yonhap information company.
This yr’s 5.1 per cent pay elevate is larger than the 4.1 per cent wage hike of the earlier yr.
Samsung Electronics stated it has determined to boost wages by some 5 per cent to spice up worker morale regardless of continued international uncertainty.
Individually, Samsung’s unionized staff, which accounted for round 4 per cent of the whole 110,000 staff, have known as for a 6.5 per cent wage hike and engaged in wage negotiations with the administration since late final yr.
