South Korea’s SK Hynix union members reject wage agreement in vote
7 Articles
7 Articles
With 93.81% of voters casting their ballots, 50.08% opposed and 49.92% in favor, negotiations resumed after five days. The '60% treasury stock' payment method remains the biggest point of contention, raising the possibility of prolonged negotiations. SK Hynix management and labor have tentatively reached a wage and collective bargaining agreement after two months of negotiations.
SK Hynix's Proposal for 60% of Performance Bonuses in Treasury Stock Rejected by 50.1% Opposition. The tentative agreement on wage and collective bargaining, reached between SK Hynix management and labor and centering on the payment of performance bonuses in treasury stock, was rejected after failing to secure a majority vote in the labor union ballot. According to industry sources on the 25th, the SK Hynix union [held] a vote at 9 a.m. that day
South Korea’s SK Hynix union members reject wage agreement in vote
SEOUL, Aug 25 (Reuters) - South Korean chipmaker SK Hynix's union members on Tuesday rejected a tentative wage agreement, with just over 50% voting against the deal, according to a source familiar with the matter. A total of 50.08% of the 15,045 ...
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