{
  "id": 2097127,
  "title": "SK Hynix to pay 60% of bonuses in shares under tentative wage deal with union: report",
  "url": "https://urgent.news/2026/08/20/sk-hynix-to-pay-60-of-bonuses-in-shares-under-tentative-wage-deal",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-20T07:18:52.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/sk-hynix-pay-60-bonuses-shares-under-tentative-wage-deal-union-report"
  },
  "original_language": "en",
  "account": "SK Hynix and its labor union have reached a tentative wage and collective bargaining agreement, according to Yonhap News. The agreement includes a 6.3% salary increase for employees. A notable change is the method of distributing employee performance bonuses, which will now be 40% in cash and 60% in company shares, replacing the previous all-cash structure. This shift in bonus allocation comes as SK Hynix, a South Korean chipmaker, benefits from surging demand for high-bandwidth memory used in artificial intelligence systems. The agreement is expected to be put to union members for approval soon. During negotiations, management proposed shifting a significant portion of bonuses from cash to shares, which the union initially opposed, arguing it undermined the profit-sharing framework agreed upon in 2025. The union had previously agreed to remove a ceiling on profit-sharing bonuses and allocate 10% of annual operating profit to employees in cash for 10 years.",
  "summary": "Deal expected to be put to union members for approval soon",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}