Samsung D Signs Wage and Collective Agreement with 4.1% Increase Rate

Samsung Display labor and management have reached a final agreement on the 2023 wage and collective agreement, including an average wage increase rate of 4.1%.

Samsung Display labor and management announced that on the 15th at 2 p.m., they held a 'Wage and Collective Agreement Signing Ceremony' at Asan 1 Campus, attended by labor and management representatives and negotiators, including Vice President Yoon Seong-hee and Yoo Haram, Chairman of the Open Labor Union.

Starting with the wage and collective bargaining introductory meeting in January, labor and management conducted 15 rounds of negotiations and tentatively agreed on the 2023 wage and collective bargaining proposal on April 27. The agreement includes an average wage increase rate of 4.1% and a 'Monthly Off Day' system, which grants one day off per month if eight hours of fixed overtime work are completed within the month. Additionally, a cash welfare point of 1 million KRW will be provided.

Samsung Display is building a future-oriented labor-management relationship through two consecutive years of dispute-free settlements via dialogue. Vice President Yoon, who attended the signing ceremony, expressed gratitude to both labor and management negotiators for achieving a dispute-free agreement through communication and trust, stating, "The way Samsung Display labor and management have demonstrated this year symbolizes a win-win labor-management culture. The company will continue to strive to be a model for labor-management relations."

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