SK hynix Reaches 2026 Wage Deal After Revised Agreement Wins Union Vote
SK hynix has finalized its 2026 wage and collective bargaining agreement after union members approved a revised proposal, ending negotiations that were extended after an initial tentative deal was rejected last month.The revised agreement received 8,731 votes in favor, or 57.08%, in a union vote hel
SK hynix has reached a 2026 wage and collective bargaining agreement with its union after a revised proposal received 57.08% approval in a vote held from September 15 to 16. The agreement, which was finalized after an initial tentative deal was rejected on August 25, introduces a more flexible allocation of performance incentives between cash and shares, giving employees greater control over how their incentives are paid.
The deal also includes a provision allowing wages to be deferred during periods of company losses, a move aimed at sharing the burden between employees and management during economic downturns. The negotiations, which involved around 60 briefing sessions, came as SK hynix continues to benefit from strong demand for high-bandwidth memory used in artificial intelligence computing systems.
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