Some personnel from Samsung Electronics' power semiconductor (CSS) business team will be reassigned to other business units within the Device Solutions (DS) institutional sector.
According to the industry on the 23rd, Choi Seung-ho, Chairperson of the Samsung Group Super Enterprise Labor Union Samsung Electronics Branch (super enterprise union), said on the union bulletin board that the in-house FA (free application) program had opened for some CSS business team personnel, and noted that phased reassignments will be carried out to memory, common, system LSI, and foundry, among others. Personnel whose existing duties such as packaging remain were excluded this time, and the reassignments will proceed sequentially starting in the second half.
The CSS business team is an organization that previously handled the LED business; it currently belongs to the DS institutional sector, but its incentive system has been operated separately. It was also excluded from the newly created DS institutional sector special management performance bonus in this year's wage negotiations, and instead, similar to the Device eXperience (DX) institutional sector, it only received company stock worth 6 million won as part of a co-prosperity effort.
The DS institutional sector special management performance bonus is a system that grants company stock funded by 10.5% of operating profit agreed upon by labor and management. Assuming Samsung Electronics' operating profit this year is in the range of 350 trillion to 400 trillion won, memory division employees are estimated to receive 600 million to 700 million won per person in special management performance bonuses (company stock).
Excluding research institute personnel, the CSS business team is known to number about 500 people. Those reassigned this time will not be included in the special management performance bonus for this year's results, which is paid early next year, but from the year after next, they will be subject to the incentive system of the business unit they move to.