The Korean Metal Workers' Union Samsung Group Labor Union Coalition announced on the 10th that it has finalized the '2025 wage negotiation joint proposal.'
This joint proposal includes extending the existing retirement age from 60 to 65, reducing the wage cut rate for Daesang and extending the implementation period of the wage peak by one year.
The union coalition noted, 'This year is a time when efforts are needed to preserve the retirement income gap of workers due to super-aged society and to align the national pension eligibility age with the retirement age.' They added, 'If Samsung leads in extending the retirement age and contributes to securing the retirement of workers, it will fulfill its social responsibility and enhance corporate competitiveness by continuously utilizing skilled and experienced personnel.'
This year's common wage increase rate (BASS) is 5.7%, and it also includes increases in performance-based wage rates per subsidiary and a transition to a transparent and acceptable incentive system. Additionally, the union requested guarantees for 5 days of refresh leave, payment of vacation expenses (100% of base monthly salary for performance bonuses), and the attendance of the CEO at the initial collective bargaining meeting and contract signing ceremony.
Participating in the Samsung Union Coalition are the Samsung Display Union, Samsung SDI Ulsan Union, National Samsung Electronics Service Union, Samsung Life Insurance Union, and Samsung Life Service Union.