Samsung Electronics Co., the world's top maker of smartphones, said Friday it plans to adopt a "wage peak" system this year, a move expected to bring significant changes to the local labor market. The company said its wage peak system will extend the retirement age to 60 from the current 55, while cutting the paycheck by 10 percent in the last five years at work, allowing workers to stay at Samsung for a longer term.
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LEAD S. Korean firms offer aid for quake-hit IndonesiaMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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