SBS NEWS

Give Us Like Samsung and SK Hynix! Micron Faces Strike Threat Over Profit-Sharing Demands


Add SBS News to Google preferred sources
Show video

Micron proposed its largest-ever performance bonus package for its approximately 60,000 employees worldwide, but it was rejected due to opposition from the labor union.

The labor union of Micron's Taiwan branch has reportedly demanded that the company allocate 15 percent of its operating profit to employees.

Local time on September 15, the Micron Taiwan union held a press conference demanding that management implement a profit-sharing system distributing 15 percent of operating profits to employees.

The union also rejected Micron's previously proposed cash bonus payout.

Furthermore, the union called for the introduction of a long-term and transparent profit-sharing plan rather than a one-time payment, warning of a potential strike if negotiations break down.

Chinese media reported that the Micron union is demanding profit-sharing conditions similar to those applied to employees at Samsung Electronics and SK Hynix.

Micron previously announced its fiscal 2026 performance compensation plan on September 11.

For the Taiwan branch, a cash appreciation bonus of 1 million Taiwan dollars, or approximately 45 million won, is to be paid to each employee who joined by August 29 of last year.

Production line workers were compensated with a total package combining annual salary, cash bonuses, and restricted stock units equivalent to up to 68 months of salary.

However, the union pointed out that the expression "up to 68 months" was unfair.

The union claimed that because the figure was estimated based on low-wage workers, the actual compensation level was exaggerated.

The union warned that if management fails to provide a specific response during discussions scheduled for September 18 and September 21, it could declare negotiations broken and launch a strike authorization vote.

It is reported that over 80 percent of employees at Micron Taiwan's Taoyuan and Taichung plants are union members, meaning an actual general strike could disrupt production.

Reported by Jung Da-eun | Video by Chang Yu-jin | Graphics by Yook Do-hyun | Produced by SBS Digital News

※ Please note: This article was translated by AI and may contain errors.
Copyright Ⓒ SBS & SBSi. All rights reserved.
Copying, redistribution, and unauthorized use in AI training are strictly prohibited.
Jung Da-eun View More Articles
AD
AD
AD
AD