Micron promises Taiwan workers up to 68 months' pay after strike threat
US memory chip giant Micron Technology said Friday that its workers in Taiwan will receive the equivalent of up to five years and eight months of pay, as labor unions threaten to strike unless the company overhauls its bonus system.
Micron Technology, a leading memory chip manufacturer, has announced it will provide up to five years and eight months' worth of pay to its workers in Taiwan following threats of a strike. The Taiwanese subsidiary's employees will receive total rewards of 35 to 68 months, with a minimum cash compensation of NT$1.7 million (US$53,700) for fiscal 2026.
The company, which produces around 50-60 percent of its chips in Taiwan, is a key partner in Taiwan's semiconductor industry and has been in discussions with two labor unions representing nearly 12,000 workers. The unions are demanding a one-off bonus of 83 months' salary and a permanent bonus system allocating 15 percent of the company's operating profits, paid out quarterly rather than annually.
The union representing Taoyuan plant workers rejected Micron's proposal, stating it did not address the bonus system's concerns. If the company fails to meet their demands, the union threatens to call a strike, with around 80 percent of members supporting the action based on a previous internal survey.
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Also reported by 5 other outlets
- Micron’s Taiwan workers to get rewards worth up to 68 months of pay businesstimes.com.sg
- Micron’s Taiwan workers to get rewards worth up to 68 months of pay freemalaysiatoday.com
- Micron's Taiwan workers to get rewards worth up to 68 months of pay nst.com.my
- Micron's Taiwan workers to get rewards worth up to 68 months of pay cnbc.com
- Micron's Taiwan workers to get rewards worth up to 68 months of pay channelnewsasia.com
