TheRetroArcade
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Posts: 3,078
Joined: Feb 2026
Joined: Feb 2026
'The compensation gap has become so wide that it's driving these moves.'
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Samsung is never far from the headlines these days, as it's the biggest manufacturer of DRAM chips, a crucial electronics component that's difficult to procure in the face of massive AI server demands. This has led to record financial figures, with the company estimating an eight times profit increase in its most recent earnings guidance documents.
But while those glowing figures certainly put the company in an enviable financial position, tens of thousands of Samsung workers are now protesting outside of a South Korean factory complex, demanding fairer pay (via Reuters).
The second-biggest South Korean memory manufacturer, SK hynix, is said by the Samsung Electronics Labor Union (SELU) to now pay its employees over two-thirds more in bonuses, and as a result, an estimated 40,000 Samsung workers have taken to the streets.
The union is demanding a 7% increase in base salaries, and that 15% of annual operating profit be allocated as bonus pay—alongside more transparency around salary calculations, and the removal of the current 50% base salary bonus cap.
The SK hynix bonus increases are a direct result of previous union demands for fairer pay in September of last year, which appears to have influenced the Samsung protests. SELU members are now estimated to number around 90,000, which would represent over 70% of Samsung's South Korean workforce.
Speaking to Reuters, Samsung logistics employee and now-protestor Song Yong-gi said: "In reality, many employees are leaving for SK hynix. At the end of the day, more than 90% of employees work for pay, and the compensation gap has become so wide that it's driving these moves."
Reuters also reports that the black vest-clad protestors have been observed walking over a large banner depicting the faces of the company's co-CEO, Chairman Jay Y. Lee, and other Samsung executives.
Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.
Samsung has reportedly said that it would make efforts to reach a swift agreement with the protestors. An unnamed company official has also been quoted as saying that produ...Read more: Full article on www.pcgamer.com
What do you think about this?
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Every Friday
GamesRadar+
Your weekly update on everything you could ever want to know about the games you already love, games we know you're going to love in the near future, and tales from the communities that surround them.
Every Thursday
GTA 6 O'clock
Our special GTA 6 newsletter, with breaking news, insider info, and rumor analysis from the award-winning GTA 6 O'clock experts.
Every Friday
Knowledge
From the creators of Edge: A weekly videogame industry newsletter with analysis from expert writers, guidance from professionals, and insight into what's on the horizon.
Every Thursday
The Setup
Hardware nerds unite, sign up to our free tech newsletter for a weekly digest of the hottest new tech, the latest gadgets on the test bench, and much more.
Every Wednesday
Switch 2 Spotlight
Sign up to our new Switch 2 newsletter, where we bring you the latest talking points on Nintendo's new console each week, bring you up to date on the news, and recommend what games to play.
Every Saturday
The Watchlist
Subscribe for a weekly digest of the movie and TV news that matters, direct to your inbox. From first-look trailers, interviews, reviews and explainers, we've got you covered.
Once a month
SFX
Get sneak previews, exclusive competitions and details of special events each month!
Join the club
Get full access to premium articles, exclusive features and a growing list of member rewards.
Samsung is never far from the headlines these days, as it's the biggest manufacturer of DRAM chips, a crucial electronics component that's difficult to procure in the face of massive AI server demands. This has led to record financial figures, with the company estimating an eight times profit increase in its most recent earnings guidance documents.
But while those glowing figures certainly put the company in an enviable financial position, tens of thousands of Samsung workers are now protesting outside of a South Korean factory complex, demanding fairer pay (via Reuters).
The second-biggest South Korean memory manufacturer, SK hynix, is said by the Samsung Electronics Labor Union (SELU) to now pay its employees over two-thirds more in bonuses, and as a result, an estimated 40,000 Samsung workers have taken to the streets.
The union is demanding a 7% increase in base salaries, and that 15% of annual operating profit be allocated as bonus pay—alongside more transparency around salary calculations, and the removal of the current 50% base salary bonus cap.
The SK hynix bonus increases are a direct result of previous union demands for fairer pay in September of last year, which appears to have influenced the Samsung protests. SELU members are now estimated to number around 90,000, which would represent over 70% of Samsung's South Korean workforce.
Speaking to Reuters, Samsung logistics employee and now-protestor Song Yong-gi said: "In reality, many employees are leaving for SK hynix. At the end of the day, more than 90% of employees work for pay, and the compensation gap has become so wide that it's driving these moves."
Reuters also reports that the black vest-clad protestors have been observed walking over a large banner depicting the faces of the company's co-CEO, Chairman Jay Y. Lee, and other Samsung executives.
Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.
Samsung has reportedly said that it would make efforts to reach a swift agreement with the protestors. An unnamed company official has also been quoted as saying that produ...Read more: Full article on www.pcgamer.com
What do you think about this?