LONDON – Korean consumer electronics giant Samsung Electronics Co. Ltd. has said it will provide medical treatment costs for semiconductor and LCD manufacturing workers for up to ten years if they are diagnosed with cancer within three years of retiring from the company. This is according to Korean news reports that referenced unnamed Samsung officials.
The move comes despite the fact that a Samsung-commissioned study found no evidence that workers were more likely to contract cancer as a result of working in its wafer fabs. However, it also comes after Samsung was ordered in June 2011 by a court in Seoul to pay compensation to the families of two young employees who died of leukemia. At the time of the court order Samsung spokesperson said the ruling was not final.
Without admitting any liability Samsung said Tuesday (Aug. 30) that it will pay treatment costs for up to 10 years and 100 million won (about $94,000) in compensation if a person dies while under treatment, according to The Korean Herald.
"The measures were drafted to share the pain with those suffering from cancer following retirement as fellow workers, although the working environment proved not to have relations to the cause of cancer," The Korean Herald quoted a Samsung official as saying.
The scheme is open to those who retired on or after Jan. 1, 2000 with one year's service and who can show they were diagnosed with cancer within three-years of retirement.
According to a Reuters report published in July 2011 at the time the study results were announced Samsung was then saying that 26 past chip manufacturing employees had been diagnosed with leukemia or lymphoma of which number 10 had subsequently died of cancer.
Does other companies need to follow Samsung to provide similar insurance for their employees. What is so special at Samsung that causes their employees to infected by cancer?
This idea by Samsung actually creating new doubts rather than happiness among employees.
If $94,000 is not a typo, that sounds obsurdly cheap for 10 years of cancer treatment. I don't know the exact numbers, I would assume a single year of cancer treatment in the US would be close to $100,000.
This is pathetic for Samsung to say something like this. If they are or were working at Samsung and they have cancer, they need to be looked at thoroughly to see what caused it. It sounds fishy to me for Samsung to just out of their good will offer money for medical bills. I am just not sure what the time requirement is for???
I think that after 10 years of treatments, the patient will either be cured or dead. Probably sooner, and Korean medicine doesn't have the bloated cost structure of US medicine. This is cheap damage control.
I am not sure there is any logic behind the ten- and three-year limitations. As Samsung is stressing they are not doing this because they feel any responsibility but out of humanitarian feeling.
Possibly the application of these numbers to Samsung's current profile of known retirees with cancer produces an "affordable" bill.
It is also worth noting that the payments are based on retirement rather than departure from the company.
i did not understand the logic behind the support for only 10 years and 3 years after retirement. I guess that there will be additional conditions such as the person should not have worked after retirement as this will be difficult to find whether the person got cancer from the new employer or Samsung.