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[Alpha Biz=(Chicago) Reporter Paul Lee] According to the industry on the 2nd, Samsung Electronics' labor union, the largest among Samsung unions, recently delivered a total of 50 demands to the management, including 10 in the wage sector and 40 in the welfare sector. 

 

Currently, labor and management are in the process of negotiating the wage and collective agreement with such a proposal. Last year, the labor union of Samsung Electronics demanded a 10 million won increase in the annual salary of all employees, performance-based payment of 25% of operating profit every year, and the abolition of the wage peak system.

Looking at the union's demand this year, the demand for treasury stock payments to union members is notable. Earlier, the union demanded that treasury stocks worth 1.07 million won be paid at the time of its first launch in 2021. 

 

This time, it was stated in the negotiation to raise the standard and pay 53 shares to the union members. This means celebrating the 53rd anniversary of Samsung Electronics' foundation last year. Based on the market price on the 2nd, it is worth 3.6 million won per person.

The union limited the subject of treasury stock payment to union members, not all executives and employees. Currently, the number of union members of Samsung Electronics is known to be around 5,000. If the demand is accepted, it is expected to serve as an opportunity for the number of union members to increase.

In addition, Samsung Electronics' labor union called for the abolition of the salary cap, a salary cap for each career level (CL). In addition, the demand included the abolition of the wage peak system and the lower wage reduction system for high school students.

Various demands continued not only in wages but also in the welfare system. It included a clause to provide 100 million won without interest for 20 years with the aim of stabilizing the residential environment due to rising housing costs. 

 

There were also calls for 30 million won in interest-free support if employees got married and for equal repayment of principal and interest for three years. Furthermore, if there is an employee who has declared non-marriage, it is asked to provide the same level of benefits as the married person.

The National Samsung Electronics Union plans to gather labor unions of Samsung Electronics and its affiliates to put more pressure on the management. To that end, the "Samsung Electronics Affiliate Labor Union Solidarity," which brought together nine labor unions belonging to Samsung Electronics affiliates, including Samsung Electronics, was launched on the same day. Nine unions from five Samsung Electronics affiliates, including Samsung Electronics, Samsung Display, Samsung SDI, Samsung Electronics Service, and Samsung Electronics Sales, will participate in the union solidarity.

 

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