Micron workers in Taiwan to strike in push for bigger profit share
The workers are aiming to pressure the US chip firm into proposing a 'concrete profit-sharing plan'.
Taiwanese workers at a Micron Technology plant are set to strike on Thursday, seeking a more substantial share of the company's profits. The labor union representing these employees claims Micron's recent offer of up to 68 months of pay as a one-time bonus is insufficient. Chip demand has surged globally, boosting revenues, yet workers want a larger portion of the earnings.
On Monday, Micron engaged in compensation talks with two unions representing 12,000 out of 15,000 staff at its Taoyuan and Taichung facilities. The Taoyuan union stated that Thursday's strike will align with mediation discussions and calls for a concrete profit-sharing proposal. The union urges Micron to present a viable plan, emphasizing the need for a collective bargaining approach.
They plan to highlight their discontent with the existing system and work towards a fairer profit-sharing structure. Micron has affirmed it will respond to the strike action in due course. Workers voted earlier this month to strike, according to the union. The unions aim for a one-off bonus equivalent to 83 months of salary, coupled with a permanent system where 15% of the company's operating profits are allocated as quarterly bonuses to workers.
Micron, which produces a significant portion of its chips in Taiwan, announced last month it would provide staff with a one-time payment up to 68 months of pay, but this proposal was rejected.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
