SK Hynix has struck an agreement with its union to pay out half of all profit-sharing bonuses in cash, replacing a previously proposed 40-60 cash-stock split (Yoolim Lee/Bloomberg)

SK Hynix has reached an agreement with its union to pay out half of all profit-sharing bonuses in cash. This replaces a previous proposal that would have split the bonuses 40% cash and 60% stock. The revised deal was approved by 57.1% of voting union members, according to The Business Times - Companies & Markets.

The agreement ends weeks of uncertainty after workers narrowly rejected an earlier deal. The union vote covered members of the company's production workers' union at its Icheon and Cheongju sites.

The original tentative agreement, reached in August, also included a 6.3% wage increase. SK Hynix had earlier this year approved a 40 trillion won share buyback plan, Investing.com reported.

Brief written by urgent.news from Techmeme, The Business Times - Companies & Markets, Investing.com — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.