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SK Hynix Union Approves Revised Wage Deal
In an electronic ballot, 57.08% of union members backed the new agreement, which raises the cash share of profit-sharing to 50% from 40%.
- On Wednesday, September 16, 2026, the South Korean union at SK Hynix Inc. approved a revised wage agreement, ending weeks of uncertainty after workers narrowly rejected an earlier deal.
- Workers had rejected an earlier Aug deal allocating 40% of profit-sharing bonuses to cash and 60% to stock, as employees demanded higher cash payouts during negotiations.
- Under the updated pact, the portion of profit-sharing bonuses paid in cash rises to 50% from 40%, while the share paid in company stock decreases to 50% from 60%.
- The revised agreement won backing from 57.1% of voting union members, with 8,731 votes in favor covering production workers at the Icheon and Cheongju sites.
- This approval formally concludes 2026 wage and collective bargaining negotiations at the chipmaker, building on the 6.3% wage increase established in Aug negotiations.
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SK Hynix Strikes Labor Union Deal to Pay Half of Bonuses in Cash
SK Hynix Inc. has struck an agreement with its union to pay out half of all profit-sharing bonuses in cash, resolving a dispute that threatened to disrupt production at the world’s second-biggest memory chipmaker.
·New York, United States
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The revised tentative agreement for the 2026 Wage and Collective Bargaining Agreement (CBA) reached by SK Hynix management and labor has been ratified in a labor union vote. According to industry sources on the 16th, the SK Hynix production workers' union (Icheon and Cheongju) voted in favor of the revised agreement during a vote held from the previous day until 9 a.m. on that day.
Coverage Details
Total News Sources18
Leaning Left2Leaning Right5Center2Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
L 22%
C 22%
R 56%
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