SK Hynix Labor and Management Prepare Revised Wage and Collective Bargaining Proposal… Cash Performance Bonus Upgraded From 40% to 50%
6 Articles
6 Articles
SK Hynix management and labor have reached a tentative agreement for renegotiation to pay 50% of performance bonuses in cash and the remaining 50% in treasury shares. The two sides modified the existing tentative agreement after a proposal to pay 60% of the bonuses in treasury shares was rejected in a union member vote. This is based on a summary of industry sources on the 10th.
SK Hynix management and labor have reached a revised tentative agreement that adjusts the basic payment ratio for the Profit Sharing (PS) performance bonus to 50% in cash and 50% in stock. This move increased the proportion of cash payments and expanded members' options regarding the stock allocation ratio after the previous tentative agreement was rejected by a union member vote by a margin of 25 votes. SK Hynix announced on the 10th that manag…
(Seoul = Yonhap News) Reporter Kang Tae-woo = SK Hynix management and labor have reached a revised tentative agreement on the existing wage and collective bargaining agreement, approximately three weeks after the original agreement was rejected in a union member vote...
SK Hynix management and labor have reached a revised tentative agreement to lower the share allocation for the Profit Sharing (PS) bonus from the existing 60% to 50%. This follows the resumption of negotiations after the previous tentative agreement was rejected in a union member vote. Both sides aim to conclude the wage and collective bargaining agreement before the Chuseok holiday. According to SK Hynix on the 10th, the two parties reached thi…
[Digital Daily Reporter Ko Seong-hyeon] SK Hynix management and labor have reached a revised tentative agreement approximately three weeks after the previous tentative agreement on wages and collective bargaining was rejected in a union member vote. Regarding the profit-sharing bonus (PS), which was the biggest point of contention, the proportion of cash payments was increased from the existing 40% to 50%, while the proportion of stock payments …
SK Hynix management and labor are accelerating the resolution of labor-management conflict by reaching a revised tentative agreement that increases the proportion of cash in the performance bonus payment system and significantly expands the autonomous choices of individual employees.
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