SK Hynix holds September 15-16 bonus revote as cash-stock dispute persists

  • SK Hynix and its union opened a September 15-16 revote on revised bonus terms.
  • The revised agreement raises PS cash payments to 50% and adds a 1,000% safeguard.
  • The initial proposal was rejected by 7,535 votes against and 7,510 in favor.

SK Hynix and its labor union began a September 15-16 revote on a revised tentative wage and collective bargaining agreement after the initial proposal was rejected by 25 votes. Voting opened at 6 a.m. on September 15 and is scheduled to close at 9 a.m. the following day. The revised agreement, reached on September 10, raises the cash portion of profit sharing (PS) to 50% from 40% and lets employees choose the treasury-stock portion in 10-percentage-point increments. If the PS payout is below 1,000% of base pay, the full amount would be paid in cash without stock or deferral. The sides also agreed to add back bonus costs that reduce operating profit when calculating the following year’s PS pool. The first vote ended with 7,510 in favor and 7,535 against, with opposition to a larger stock allocation emerging as the main sticking point. If approved, the deal would bring this year’s wage negotiations toward a conclusion roughly three weeks after the initial rejection.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.