Micron Announces Record Bonuses for Taiwan Employees Amid Ongoing Labor Dispute

Micron Technology announced record bonuses of up to 68 months' salary for its employees in Taiwan, with a minimum cash compensation of T$1.7 million ($53,809). The rewards are part of fiscal year 2026 incentives and aim to address ongoing labor union disputes involving around two-thirds of the company's workforce on the island. The Taoyuan-based union has not yet reached an agreement with Micron but expressed continued support for a strike unless changes are made, including allocating 15% of operating profit toward employee bonuses. The chipmaker said over 60,000 employees globally will receive rewards following what it described as an extraordinary year. Micron is seeking to avoid a labor crisis similar to the one faced by Samsung Electronics in May when nearly 48,000 workers planned a strike before last-minute negotiations led to a special bonus pool. The outcome of Micron's dispute could impact chip supply and economic stability in Asia.

By https://www.facebook.com/CNBC · CNBC ·

Micron Announces Record Bonuses for Taiwan Employees Amid Ongoing Labor Dispute

Tickers: $MU

Topics: compensation strike_threats union_negotiations

Read the full article at CNBC

More World news