SK hynix union to revote on rejected wage deal next week
Unionized workers at SK hynix will revote next week on a tentative wage deal that was rejected three weeks ago, industry sources said Wednesday. The vote will be held for two days starting next Tuesday, they said. Details on what has changed from the previous tentative agreement are expected to be disclosed at a union delegates' meeting scheduled for Thursday. Last month, the union rejected a…
Unionized workers at semiconductor manufacturer SK hynix will hold a second vote next week on an agreement that was previously rejected, according to industry insiders. The two-day ballot, set to commence on Tuesday, will determine whether the workforce accepts a new deal. Further specifics on the revised proposal are anticipated to be revealed during a union delegates meeting on Thursday.
Last month, the union had declined a tentative agreement between SK hynix and its employees. The initial offer entailed a 6.3 percent salary boost and a new compensation framework for the company's performance-based bonus. The deal stipulated that 40 percent of the bonus would be disbursed in cash, while the remaining 60 percent would be in the form of company stock.
Of the shares, 40 percent could be sold within a year of receipt, with the remaining 20 percent paid out in 10 percent increments over a two-year period.
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Also reported by 2 other outlets
- SK hynix union to revote on rejected wage deal next week koreatimes.co.kr
- SK hynix union to revote on rejected wage deal next week en.yna.co.kr
