From BigGo Finance · BigGo Finance · · 1m 10s
Samsung Union Approves Loss-Penalty Reform
Samsung Electronics' union passes 81% vote to reform DS division loss penalties.
In brief
Samsung Electronics' union passes 81% vote to reform DS division loss penalties. Samsung Electronics National Union members approve 81.03% loss penalty reform for DS division with 26,947 yes votes out of 33,256 total members. Originally reported by BigGo Finance.
Union Vote Passes
Samsung Electronics National Union members approve 81.03% loss penalty reform for DS division with 26,947 yes votes out of 33,256 total members.
Voting Breakdown
Memory Business and shared organizations made up 70% of voters despite expected payout reductions.
Current Agreement
Special management performance bonus paid in treasury shares for 10 years with 40% to division and 60% to business units.
Reform Impact
Memory Business bonus could reach 1,200% of salary while loss-making units get 240% by 2027.
Payout Changes
Memory Business and shared-organization employees could see payouts fall by 10 million to 20 million won after tax.
Union Statement
Choi Seung-ho said members approved reform despite potential bonus shifts as trust in union beyond proposal.
Next Steps
Union plans to use December procedure to unify bargaining channels before 2027 negotiations.
What it means
Samsung Electronics National Union members approve 81.03% loss penalty reform for DS division with 26,947 yes votes out of 33,256 total members.
