samsung to adopt wage peak system this year
Last Updated : GMT 06:49:16
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Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Samsung to adopt wage peak system this year

Arab Today, arab today

Arab Today, arab today Samsung to adopt wage peak system this year

Tokyo - Arab Today

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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