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, according to industry officials 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…
Labor and management at SK hynix have reached a tentative agreement on 2026 wages, with 60 percent of performance bonuses to be paid in treasury shares, according to industry officials. The decision comes after tensions rose when management proposed a hybrid payment structure, leading unions to threaten a general strike. Despite the agreement, risks of future conflict persist as disenchanted employees contemplate forming a new union.
The tentative deal outlines that 60 percent of performance bonuses will be distributed in the form of treasury shares, while the remaining 40 percent will be in cash. During delegate meetings on Thursday, SK hynix's unions informed members of the tentative agreement's terms.
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- SK hynix labor, management reach tentative agreement for 2026 wages koreatimes.co.kr
