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Samsung dangles $560,000 bonuses to keep engineers from China

A Samsung memory chip worker earning about $60,000 a year could receive roughly $560,000 in bonuses before tax, according to the company’s largest union. Its estimate includes both Samsung’s existing profit-sharing bonus and a new special payment. Samsung hasn’t confirmed the amount. On October 7, the company outlined how that special bonus would work: 10.5% […] The post Samsung dangles $560,000…

Samsung dangles $560,000 bonuses to keep engineers from China

We haven't written up this one. Asia Times has the full story — the link below goes straight to it.

Read the original at asiatimes.com →

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Chile’s Escondida Copper Output Falls 27.6% in August

Escondida copper output fell 27.6% in August, more than half of Chile's 12.7% national drop, Cochilco data show, as US buyers rely on Chilean copper.

  • Escondida copper mine output fell 27.6% in August
  • BHP seeks mediation over pay dispute with workers
  • Chile's total copper output dropped 12.7% in August

Brazil Beef Exports to US Jump 524% in September

Brazil shipped US$263 million of fresh and frozen beef to the United States in September, up 524% on a year earlier, as a US quota opened.

  • Brazil's beef exports to US increased by 524% in September
  • US became largest buyer of Brazilian beef with 44,435 tonnes
  • China became 4th largest buyer of Brazilian beef in September

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