
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.
GMT 17:56 2018 Wednesday ,17 January
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UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
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BA owner to buy bankrupt Austrian airline Niki
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