Samsung China branch laid off 1,000 employees, how do you think of Samsung s compensation policy?

Speaking of Samsung, I believe everyone has heard that Samsung Group is one of the most important chaebols in South Korea, Samsung has been making great achievements in South Korea, and South Korea itself has many advantages, which is conducive to the development of Samsung Group. Due to the arrival of the epidemic, it is common to hear the news of layoffs in enterprises, especially this year, which is about the impact of the epidemic, and now I have heard the news of layoffs in a foreign company. According to the latest news, 1,000 layoffs in Samsung's China branch have attracted attention in the industry, and it is understood that in addition to the employees of the R&D department, other employees will be reduced, and the scale of layoffs will be about 1,000.

Samsung's mobile phone factory withdrew from the matter, respected labor laws, knew how to invest, and successfully participated in the Chinese market technology exchange activities.

Samsung's salary has always been very high, even if it has just graduated, the monthly salary is tens of thousands of yuan, not to mention the salary after that. Moreover, Samsung's compensation here is also very high, it is even higher if there are children, a salary of 10,000 a month, nearly 500,000 compensation in three years, and the cost of children's schooling, so it seems that the compensation is even stronger. Most companies in China take N+1 or N+2 to compensate employees, and N refers to how many years you have worked.

On the basis of how many years you have worked, you will be compensated with a monthly salary that is one digit more than the number of years, so that the amount of Samsung compensation money is precious. Moreover, Samsung's policy still allows people who have been more than 5 years old to voluntarily apply for retirement. South Korea's Samsung Display business unit has begun to take steps to implement the retirement plan, which can be applied for by employees who have worked for the company for more than five years.

Early retirement compensation includes two and a half or three years of salary, as well as an additional 10 million won (about 10,000 yuan) for each applicant with children. At the same time, Samsung Display will also provide applicants with tuition fees for their children before graduating from college. This one looks very comprehensive.

Samsung's salary has always been very high, even if it has just graduated, the monthly salary is tens of thousands of yuan, not to mention the salary after that. Moreover, Samsung's compensation here is also very high, it is even higher if there are children, a salary of 10,000 a month, nearly 500,000 compensation in three years, and the cost of children's schooling, so it seems that the compensation is even stronger.

It's OK. Because Samsung China laid off 1,000 employees, everyone received corresponding compensation, and the amount of compensation is not small, so I think the compensation policy is not bad.

The compensation policy is in place, which shows that they are also in dire straits. It's about to be unbearable, layoffs, compensation, maybe it's too difficult for them.

Samsung's compensation policy is very humane, which is much better than that of Chinese companies.

On the afternoon of July 31, there was a ** report that saidSuzhou Samsung Electronics Computer **** (hereinafter referred to as "Suzhou Samsung Electronics") issued a notice to employees that due to the company's shrinking market share, except for the R&D department, the company intends to negotiate with the rest of the personnel to terminate the labor contract

In the above notice, Suzhou Samsung Electronics also said that the company will do its best to obtain a reasonable compensation plan, which will be announced on July 31, 2020. According to the data disclosed by Suzhou Samsung Electronics in the 2019 annual report,By the end of 2019, the total number of employees participating in social security was 1,701.

The large-scale layoffs of Samsung's China branch may have something to do with Samsung's collective relocation out of China.

If 1,000 people are laid off in Samsung's China branch, it may be because the epidemic is affected during this period, so the sales volume will be affected.

Samsung's China branch has 1,000 employees, and the big layoffs are because Samsung's mobile phones account for less than 1% of China's mobile phone market, resulting in layoffs.

In recent years, due to the fierce competition in the computer market, the market share of Samsung computers in Suzhou has continued to shrink. In order to cope with the changes in the situation and the market, South Korea's Samsung adjusted the company's development direction in a timely manner, and strived to transform and upgrade its computer production industry. SESC said that the company will focus on research and development in order to make the computer research and development strength bigger and stronger, so that the overall strength of Samsung computer will continue to maintain a competitive advantage in the future competition.

Suzhou Samsung Electronics Computer **** (SESC) issued a "relevant note to employees", announcing that it will carry out major layoffs, except for employees in the R&D department, employees in other departments may be laid off. Following the announcement of the layoffs, SESC intends to negotiate with the employees affected by the contract to terminate the employment contract and pay compensation. Yesterday, internal employees revealed (unofficially finalized) the final compensation plan.

1.Seniority compensation: N+1 for less than 3 years, N+2 for 4 to 6 years, N+3 for 7 years to more than 10 years

2.Service payment: 3k for less than 3 years, and n*1k for more than 1k

3.Re-employment allowance: 3 months of contract B salary.

4. Reemployment incentive: 1k for less than 3 years, 3k for 6 years, 4k for 10 years, 5k for 15 years, and 6k for 20 years.

5. Incentive award for the first half of the year: contract B grade salary * 50%.

6. The president of the legal person will strive for the award: a PC (August 31 in-service employees).

According to the latest legal provisions, the employer must explain the situation in writing to all employees 30 days in advance, and submit the supporting documents of the legal layoff, the company's layoff plan, such as the list of layoffs and the method of compensation, and if the employee is not satisfied, it needs to be negotiated and modified. China's Labor Law stipulates that the standard of economic compensation for layoffs of employees by an employer is the same as that for the dismissal of employees by an enterprise, and the specific compensation is as follows; Employees are paid one month's salary as compensation for each full year of service in the company. If the working time is between 6 months and 1 year, it shall be calculated as one year and one month's salary shall be paid.

If the work is less than 6 months, it will be calculated as 6 months, and half a month's salary will be paid as compensation.

These employees should be compensated for three months' salary, and generally speaking, those who break the contract will be compensated two or three times, so it is normal.

The total amount of compensation paid to workers by the Suzhou factory = the number of years of service in the unit x the average salary of the employee in the 12 months prior to the termination of the contract + the total salary of the employee in the last month + one month's basic salary.

Severance shall be paid equivalent to one month's salary for each full year, up to a maximum of 12 months.

Last year, the news that Samsung's Tianjin mobile phone factory moved away made netizens sigh, this factory, which was established in 2001, has existed in China for more than 17 years, and now it has been withdrawn。Samsung, the mobile phone hegemon in the global market, announced that it had officially and completely withdrawn from the Chinese market, and the subsidies for thousands of employees in the factory became the focus. And according to the different years of service, you can also receive different additional compensation, employees in Samsung factories, if you are an employee who has worked for 8 years, you can receive a Samsung A8 mobile phone worth more than 3500 yuan, if the length of service reaches 8 10 years, you can receive a Samsung S10 plus worth more than 6000 yuan, if you have worked for more than 20 years, then you can receive a Samsung S10+ and a Samsung Note10+ 5G version.

In addition, employees can also receive severance compensation according to their length of service.

Some internal Samsung employees said that in early December this year, Samsung suddenly announced the layoff of the Samsung Communications Research Institute, also located in Tianjin, and hundreds of staff members were affected. Although the company promised that these employees could be transferred to work in Guangzhou, due to the low salary, not many people went, and the compensation for the laid off employees was not finalized. One after another, some employees carried luggage from the staff dormitory to be delivered.

Samsung China said that it is not accurate, and they plan to adjust some product structures in Tianjin, and at the same time invest in new projects such as the world's leading power battery production line and automotive MLCC factory, with an additional investment of 2.4 billion US dollars. It is reported that Samsung's investment in Tianjin has shifted to core technology areas such as MLCC and lithium-ion power batteries. Samsung Electro-Mechanics Co., Ltd. invested in the construction of an MLCC plant for automobiles in the Tianjin Development Area.

The project is expected to be completed by the end of next year and put into operation in 2020. After completion, Tianjin will become one of Samsung Electro-Mechanics' major overseas MLCC production bases.

Although Samsung has withdrawn from the factory one after another, Samsung will receive an EBO watch and a commemorative book for each employee, including compensation for different years of service, not only additional subsidies, but also compensation for mobile phones at different prices.

The last Samsung electronics factory in China was officially dissolved, and each employee was able to receive an EBOK watch and a commemorative book, and Samsung's severance compensation for employees was still relatively in place, and according to the different years of service, they could also receive different additional compensation.

The most common thing is to find a home for its workers, a small number of excellent workers move to other enterprises, and most of the workers are unemployed, because a foreign company can not do much for domestic workers.

Employees can receive severance compensation according to their length of service.

Samsung gave each employee an EBOCH watch and a commemorative book. And depending on the length of service, you can also receive different additional compensation.

Samsung mobile phones can be said to be outdated, and now fewer and fewer people are buying, and the last mobile phone factory has also carried out layoffs, indicating that it is ready to withdraw from China.

Now there is a large number of mobile phone manufacturers rising, thousand-yuan machines abound, and the performance is also very good, Huawei, OPPO, vivo, Xiaomi sales have risen again and again.

In the future, Samsung may go out of business or be merged by other institutions. Anyway, in the Chinese market, Samsung has cooled, and it doesn't seem to show any signs of recovery.

In fact, domestic users no longer favor the Samsung brand, in the past few years, Samsung's mobile phone market share has shown a cliff-like situation, and Samsung is in an extremely embarrassing position in the Chinese market.

In the mid-to-high-end market, Apple's competitiveness goes without saying, the rapid rise of Huawei, OnePlus and other mobile phones have squeezed Samsung's market space with performance and advantages; In the low-end market, brands led by Xiaomi and Huawei Honor quickly gained a firm foothold in the low-end market, and Samsung missed the opportunity to enlighten the domestic smartphone market.

Such as Huawei, Xiaomi, OPPO, vivo and other mobile phones, they are competing in the low-end market is not just the first, whether it is a localized custom operating system, the development of various "black technology" camera functions, or the development of new technologies such as fingerprint recognition, domestic mobile phones are releasing the core attraction.

The crisis of Samsung's last mobile phone factory in China is also releasing a signal of the decline of Samsung's mobile phones in the Chinese market, and the glorious era of Samsung in the Chinese market may have come to an end.

It shows that Samsung's market position in China is no longer high, and if there is no shining point in the future, it may be down.

It shows that Samsung has no market position in China, and it will only get worse in the future.

It's hard to say what the future holds, but judging from the current layoffs, it shows that Samsung is in a bad recession.

Samsung may want to reduce the use of labor in China and move towards Southeast Asia, where the labor force is lower. In the future, there will be less and less cheap labor, and high-tech companies like Samsung may use fully mechanized production.

This shows that Samsung has gone into decline in China, and there is little hope for the future.

It shows that Samsung has withdrawn from the Chinese market, and there may be nothing to sell Samsung in China in the future.

Previously, it was reported that Huizhou Samsung is expected to be completely closed in September this year, and the current news of layoffs has made the industry more sure of this rumor, but for the closure of the factory, Samsung said that it has not yet made a final decision, and the current layoffs are "due to the severe situation in the Chinese market and intensified competition, we are adjusting the output of Samsung Electronics' Huizhou factory." ”

It shows that foreign companies are withdrawing abroad, and the brand Samsung may innovate in the future!

Samsung is ready to shift the market away from the Chinese market and may develop to foreign countries in the future.

Now that Samsung's sales in China are gradually declining, the layoffs show that Samsung's market share in China is declining and is not enough to support daily operations.

Samsung's Suzhou factory laid off employees, and the compensation plan for employees was released, netizens: It's just a letter of friendship and conscience compensation! Say nothing.

Suzhou Samsung Computer Factory plans to terminate most of the employees' contracts, the compensation standard notice has also been issued, the company with good treatment layoffs, Suzhou wages will not rise, and rents will not be reduced.