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Micron Taiwan Plans Record Bonuses as Unions Threaten To Strike

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Micron Taiwan, the local subsidiary of the US memory chip giant, plans to offer record-high bonuses to avert a labor strike. The company said it would release a detailed offer in October. The company's local labor unions have threatened to strike, saying current bonuses fall short of industry standards and demanding a one-time bonus worth nearly seven years' pay. The dispute follows a similar labor action at South Korea's Samsung, which reached a resolution with workers in May.

Micron Taiwan Plans Record High Bonuses to Avert Labor Strike

REPORTER:  
Micron Taiwan is planning to offer record high bonuses, hoping to avert a labor strike.

The local subsidiary of the US memory chip giant says it will release details of the new incentive program in October. The announcement comes after its Taiwan labor unions threatened to strike, saying their current bonuses don't meet industry standards. They're also seeking a one-time payment of almost seven years' pay. South Korea's Samsung resolved a similar dispute with its workers in May.

Micron Taiwan is hoping to avert a labor strike with a record high bonus payout to employees.

The Taiwan-based subsidiary of US memory giant Micron Technology, said it will finalize the bonus terms in October. Micron Taiwan unions are asking for a one-off bonus of more than 80 months salary, and better profit sharing model going forward, according to Reuters. The AI boom has driven surging demand and record profits for memory makers, and workers in South Korea and now Taiwan, are asking for their cut.