Factory Linked to Samsung Gives Laid-Off Workers Payouts

(Beijing) – Employees of a factory owned by Bokwang Co., which makes parts for Samsung Electronics Co., agreed to a plan that provides them with compensation for getting laid off, a representative of the workers says.

Labor officials collected money owed by two subsidiaries of the South Korean electronics giant in the eastern city of Suzhou to provide the compensation, the person said. The payouts will be based on workers' years of service at the factory.