Micron Taiwan Signs Labor Agreement, Production Line Annual Salary Increases to Over 2 Million

Micron Technology's Taiwan branch recently signed a labor agreement with the Taichung labor union. Reports cite the Ministry of Economic Affairs, stating that over 80% of employees will see salary adjustments of nearly 2.7 times, with production line staff's annual salary increasing from 630,000 TWD to over 2 million TWD. The Ministry also noted that entry-level engineers' annual salary will rise from 1.45 million TWD to 4 million TWD, while mid-to-senior engineers' salaries will increase from over 2 million TWD to 6 million TWD. The union successfully negotiated an increase in the employer's contribution rate to labor retirement funds to 10%, which is above the industry standard; additionally, the day shift allowance for frontline production staff has been adjusted from 1,500 TWD to 4,500 TWD, tripling the original amount.