Micron introduces quarterly employee bonus tied to profits

TAIPEI, Oct 22 (Reuters) Chipmaker Micron said on Thursday ​it is ‌introducing a new quarterly bonus scheme for employees worldwide linked ‌to ​company ⁠profits, in response ⁠to Taiwan union demands for profit-sharing. The new quarterly bonuses ​will be in addition to ⁠existing annual ⁠incentive payments ​and will be paid ​50% in cash and ‌50% in shares, while Micron will raise ⁠retirement contributions in Taiwan to 10% from 8% ⁠and ‌add three ⁠days of paid ​leave, ‌it said. (Reporting by ​Wen-Yee ⁠Lee in Taipei, writing by Andrew Silver in Beijing, editing by Andrew ​Cawthorne)