Employees in Samsung Electronics' DS (semiconductor) division are expected to learn about the calculation method and payment criteria for their special management performance bonuses after the Chuseok holiday.
According to industry sources on September 24, the Samsung Group's inter-company labor union informed its members that "details regarding the DS special performance bonus will be announced in the last week of September, after Chuseok."
The DS special management performance bonus is a new system introduced separately from the existing OPI (performance incentive) as part of the wage negotiations concluded in May. After extensive discussions leading up to a general strike by the union, an agreement was reached to distribute 10.5% of the operating profit from the DS division's business performance as a special management performance bonus.
The special management performance bonus will be paid entirely in company stock after taxes, with no upper limit set. It is reported that 40% of the funds will be allocated to all employees in the DS division, while the remaining 60% will be distributed among different business units within the DS division. Recipients will be able to sell one-third of the shares immediately, with the rest to be sold gradually over two years.
The upcoming announcement is expected to maintain the overall framework of the previous agreement.
Assuming Samsung Electronics' operating profit reaches 300 trillion won this year, employees in the memory division of the DS sector are projected to receive up to 50 million won (based on an annual salary of 100 million won) in OPI, along with company stock valued at 550 million won.
As forecasts suggest that Samsung's operating profit may exceed 300 trillion won this year, the actual size of the performance bonuses could be even larger.
Prior to this final agreement, the inter-company union transitioned from a unified union covering both the DS and DX (home appliances and mobile) divisions to a single union focused solely on semiconductors. Members from the existing DX division are expected to be processed for withdrawal from the union due to amendments in the regulations.
It is also anticipated that part of the special management performance bonus will be utilized for social contributions. Industry insiders predict that if Samsung employees voluntarily donate 0.5% to 1% of their special management performance bonuses, the company will match that amount. Participation will be optional for employees.
Additionally, the Herman Miller office chairs, priced between 2 million and 3 million won, which were previously introduced in the MX (mobile) division and at SK Hynix, will be gradually implemented across all DS division workplaces.
* This article has been translated by AI.
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