Business · Singapore Bureau
Micron Taiwan workers reject quarterly profit-sharing bonus scheme
Taiwan's labour union representing Micron employees has voted down a proposed quarterly profit-sharing bonus system that management had agreed to introduce. The rejection marks a setback in negotiations between the chipmaker and its workforce.
LSN Singapore ·
Workers at Micron's Taiwan operations have rejected a quarterly profit-sharing bonus arrangement that company management had committed to implementing, according to a union official. The move signals continued friction between the memory chip manufacturer and its labour representatives over compensation arrangements.
The rejected proposal would have established a structured quarterly system for distributing portions of company profits to eligible employees. While management had reached agreement on the framework, the union's membership vote indicates dissatisfaction with either the terms or execution of the scheme.
Details regarding worker concerns or alternative proposals remain unclear. The development underscores ongoing negotiations within Taiwan's semiconductor sector over employee benefits and profit-sharing mechanisms as chipmakers navigate volatile market conditions.
Micron, a major US-based semiconductor manufacturer with significant operations in Taiwan, employs thousands in the region. Labour relations at major tech firms have drawn increased scrutiny as workers seek greater financial participation in company performance across Asia's manufacturing hubs.