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…
SK hynix's labor and management have reached a tentative agreement on wages for 2026, according to industry officials. The deal stipulates that 60 percent of performance bonuses will be paid in treasury shares, while the remaining 40 percent will be in cash, officials reported on Thursday.
The agreement comes after several tense negotiations, which saw management propose sharing some bonuses through shares rather than solely in cash. This move initially prompted unions to threaten the possibility of a general strike. However, the tentative agreement has allowed SK hynix to sidestep immediate disruptions such as a widespread strike.
Despite the resolution, tensions remain as some employees are dissatisfied with the new arrangement and are organizing to form a separate union. On Thursday afternoon, SK hynix's unions held delegate meetings to inform members about the tentative agreement's details. The deal specifies that 60 percent of performance bonuses will be distributed in treasury shares, with the remaining 40 percent paid in cash.
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- SK hynix labor, management reach tentative agreement for 2026 wages koreatimes.co.kr
