SK Hynix to Pay 60% of Employee Bonuses in Company Stock Under Preliminary Deal, Says Source
The deal would let employees sell the stock immediately, while unions seek final approval amid concerns over bonus volatility and pay fairness.
5 Articles
5 Articles
SK hynix labor, management reach tentative agreement for 2026 wages
Labor and management of SK hynix have reached a tentative agreement on 2026 wages, under which 60 percent of performance bonuses will be paid in treasury shares, the company said Thursday. SK hynix’s labor and management drew significant attention across the Korean industry last year when they agreed to use 10 percent of the company’s operating profit as a funding pool for performance bonuses and maintain the system for 10 years. Tensions escala…
SK Hynix management and labor have reached a tentative agreement on a wage and collective bargaining agreement that includes a 6.3% wage increase for this year and the payment of 60% of profit-sharing bonuses (PS) in treasury shares. This marks a partial change to the PS payment system introduced last year, just one year later. According to industry sources on the 20th, the SK Hynix labor union held an emergency extraordinary delegate meeting th…
SK Hynix to pay 60% of employee bonuses in company stock under preliminary deal, says source
SEOUL, Aug 20 (Reuters) - South Korean chipmaker SK Hynix has agreed to pay 60% of employee bonuses in shares and the remaining 40% in cash under a preliminary wage agreement, a person familiar with the matter told Reuters. The agreement is subje...
(Seoul = Yonhap News) Reporter Kang Tae-woo = SK Hynix management and labor have reached a tentative agreement on this year's wage and collective bargaining agreement.
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