Samsung employees receive a 5.1% pay raise for 2024, an increase from 4.1% in 2023, along with extended maternity leave.
Samsung and its employees have agreed to a 5.1% pay raise for 2024, higher than the 4.1% increase from the previous year. The agreement includes extended maternity leave and aims to boost employee morale amid global uncertainty. Unionized workers, representing 4% of Samsung's 110,000 workforce, had initially called for a 6.5% wage increase and negotiated with management since late last year.
March 29, 2024
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