SK hynix union rejects tentative wage deal

SK hynix workers have voted against a tentative wage deal after two months of negotiations, according to industry sources. The union, with 7,535 members, saw 50.08% of its members, or 15,045 out of the 16,083 who participated, reject the agreement. The vote, which closed at 9 a.m. on Tuesday, had a 93.8% turnout. The management and union are now expected to resume negotiations, with the performance-based incentive payment scheme likely to be a focal point of discussion.

The union has previously rejected tentative agreements in 2023 and 2024, leading to further negotiations. An earlier agreement between SK hynix and its union last week proposed a 6.3% wage increase and a new payment structure for the company's performance-based incentive, with 40% paid in cash and 60% in company shares.

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