SK Hynix Labor and Management Prepare Revised Wage and Collective Bargaining Proposal… Cash Performance Bonus Upgraded From 40% to 50%
4 Articles
4 Articles
SK Hynix management and labor have reached a tentative agreement for renegotiation to pay 50% of performance bonuses in cash and the remaining 50% in treasury shares. The two sides modified the existing tentative agreement after a proposal to pay 60% of the bonuses in treasury shares was rejected in a union member vote. This is based on a summary of industry sources on the 10th.
SK Hynix management and labor have reached a revised tentative agreement that adjusts the basic payment ratio for the Profit Sharing (PS) performance bonus to 50% in cash and 50% in stock. This move increased the proportion of cash payments and expanded members' options regarding the stock allocation ratio after the previous tentative agreement was rejected by a union member vote by a margin of 25 votes. SK Hynix announced on the 10th that manag…
(Seoul = Yonhap News) Reporter Kang Tae-woo = SK Hynix management and labor have reached a revised tentative agreement on the existing wage and collective bargaining agreement, approximately three weeks after the original agreement was rejected in a union member vote...
SK Hynix management and labor are accelerating the resolution of labor-management conflict by reaching a revised tentative agreement that increases the proportion of cash in the performance bonus payment system and significantly expands the autonomous choices of individual employees.
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