Samsung Life Insurance Reaches Wage Agreement This Year... Agrees on 4.9% Increase Rate
Strengthening Welfare Benefits Related to Childbirth and Childcare
Samsung Life Insurance announced on the 11th that it held a signing ceremony for this year's wage agreement with the Samsung Life Insurance Labor Union (the bargaining representative union). The agreed wage increase rate was 4.9%.
Earlier, the labor union conducted a vote among its members on this wage agreement proposal, which was approved with 73% in favor.
Through this wage agreement, Samsung Life Insurance management and labor agreed on a 4.9% wage increase for this year, and also decided to actively participate in addressing low birth rates by strengthening childbirth and childcare-related welfare benefits, such as expanding paid leave during shortened working hours for pregnancy and improving the use of spouse childbirth leave.
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Additionally, Samsung Life Insurance management and labor agreed to operate a task force (TF) under the theme of "Creating an Efficient Work Culture and Establishing Work-Life Balance" to promote employee health and happiness, and plan to launch related campaigns starting in the second half of the year.
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