Micron's Taiwan Unions Are Asking for a Bonus Worth 83 Months of Pay. A Strike Vote Could Come This Month.
The demand sounds enormous. A walkout could cost the memory maker far more.
Overview
Micron Technology's (NASDAQ:MU) labor unions in Taiwan said Tuesday they are moving toward a possible strike unless the memory maker overhauls how it pays bonuses. For fiscal 2026, they want a one-off bonus the unions size at about 83 months of salary per Taiwan-based employee -- nearly seven years of pay, delivered at once. And starting in fiscal 2027, they want Micron's incentive plan replaced with a system that sets bonuses at 15% of operating profit, paid quarterly rather than annually.
Both numbers sound impossible. But Micron is earning profits in this artificial intelligence (AI) memory cycle that make even demands like these payable.
Details
The question for investors, I'd argue, is what a strike at the company's largest manufacturing base could do to the supply of memory feeding the AI build-out. And a lot rides on the answer: the growth stock trades around $933 as of this writing, and the company's market value is about $1.05 trillion.
Source
Originally published at www.fool.com.