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%.
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7 Articles
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.
SK hynix union approves revised wage deal
Unionized workers at SK hynix Inc. on Wednesday approved a revised wage agreement that was rejected three weeks ago. In an electronic ballot, 57.08 percent of union members voted in favor of the new agreement. The vote came about three weeks after the union narrowly rejected the initial tentative agreement reached on Aug. 25. Under the updated pact, the portion of the company's performance-based incentive, known as profit-sharing, to be paid in …
(Seoul = Yonhap News) Reporter Kang Tae-woo = The revised wage and collective bargaining agreement (CBA) drafted by SK Hynix management and labor following the rejection of the previous tentative agreement was approved in a union member vote...
SK Hynix management and labor have approved a revised agreement on wages and collective bargaining. The amendment, which raised the proportion of cash payments for performance bonuses to 50% and made the shareholding ratio more flexible, received 57.08% of the votes from union members, successfully concluding the negotiation process that had been rejected last month.
According to ChainCatcher, SK Hynix and its labor union have reached an agreement on performance bonuses. Under the agreement, 50% of the bonuses will be paid in cash, and the remaining 50% will be paid in company stock. SK Hynix originally planned to pay all performance bonuses in cash. This means the company now needs to repurchase shares equivalent to at least 50% of the total bonus amount.
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