17 minutes ago
SK Hynix Agrees to 50-50 Cash-Stock Profit-Sharing Bonuses
TMTPOST — SK Hynix has reached a revised wage and collective bargaining agreement with its labor unions under which profit-sharing bonuses will be paid half in cash and half in company shares. About 57% of union members voted in favor of the deal. It replaces an earlier proposal of 40% cash and 60% stock that workers had rejected. The agreement concludes roughly two weeks of renegotiation. SK Hynix previously committed to removing the cap on profit-sharing bonuses and allocating 10% of annual operating profit to employee bonuses for 10 consecutive years.
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