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News Wire / economy

Chip Division Workers Negotiate 13% Profit Share, $340,000 Payout

developing CNA938 Singapore Seoul 4d Impact 6
A chip division's management and union are reportedly nearing an agreement on allocating 13% of the operating profit to workers, equating to approximately $340,000 per employee.

Topics

labor negotiations semiconductor industry employee compensation

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Sources · 7 independent

CNA938 Singapore

“The Financial Times says both sides are close to a 13 percent figure. That's roughly $340,000 per employee.”

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