SK hynix union to revote on rejected wage deal next week

Unionized employees at SK hynix will hold a second vote on a wage agreement that was previously rejected, according to industry insiders. The fresh ballot will take place over a two-day period beginning next Tuesday, these sources disclosed. The specifics of any changes to the original proposal are anticipated to be revealed during a union delegates assembly slated for Thursday.

Back in September, the union had voted against a tentative agreement brokered between the corporation and the workers. According to the previous deal, SK hynix and its union had agreed to a 6.3 percent salary increase and a revised compensation structure for the firm's performance-based bonus. The bonus would comprise 40 percent in cash and 60 percent in company stock under this arrangement.

Of the shares, 40 percent would be eligible for sale in the year they were given, with the remaining 20 percent paid out in 10 percent installments over a two-year period.