Recently, according to South Korean media reports, the Samsung Electronics Labor-Management Council released an internal announcement on the same day that labor and management have reached an agreement on a 9% increase in the average salary of all employees in 2022.
It is understood that the salary increase originally requested by the labor-management council was 15%, but the two sides reached a consensus on a 9% increase after mutual coordination on the current economic situation, which is also the highest increase in the past ten years. Samsung Electronics usually announces the results of salary negotiations in early March each year. This time, 11 negotiations were conducted, so the final result was delayed by nearly two months.
According to Samsung Electronics’ performance report released on April 28, the company’s operating profit in the first quarter of 2022 was 14.12 trillion won (about 73.526 billion yuan), a year-on-year increase of 50.5%. Sales were 77.78 trillion won, an increase of 18.95% year-on-year, setting a single-quarter record and exceeding previous market expectations.
Despite the influence of factors such as the Russian-Ukrainian war and the new crown epidemic, the demand for the semiconductor industry still shows a strong growth momentum. As one of the leading companies in the global semiconductor field, Samsung Electronics’ performance has also taken advantage of the momentum.