SK Hynix to Pay 60% of Employee Bonuses in Company Stock Under Preliminary Deal, Says Source
The deal would let employees sell the stock immediately, while unions seek final approval amid concerns over bonus volatility and pay fairness.
- On Aug. 20, Hynix reached a tentative wage agreement with Labor, shifting 60 percent of performance bonuses into company shares instead of cash.
- Management proposed the shift amid stock price Tensions, while Workers threatened collective action against moving away from all-cash bonus payments.
- Workers receive 40 percent of their bonus in cash and 40 percent in stock, with the remaining 20 percent deferred. Employees may opt for more cash in the first year for personal financial needs.
- Dissatisfaction with the bonus structure prompted a new Labor group to form on Aug. 13, securing more than 3,300 members opposed to replacing cash bonuses with shares.
- The tentative agreement requires final approval from Workers to proceed. Hynix expects to post 250 trillion won in operating profit this year, creating a 25 trillion won bonus pool for Employees.
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SK Hynix management and labor have reached a tentative agreement on a wage and collective bargaining agreement that includes a 6.3% wage increase for this year and the payment of 60% of profit-sharing bonuses (PS) in treasury shares. This marks a partial change to the PS payment system introduced last year, just one year later. According to industry sources on the 20th, the SK Hynix labor union held an emergency extraordinary delegate meeting th…
(Seoul = Yonhap News) Reporter Kang Tae-woo = SK Hynix management and labor have reached a tentative agreement on this year's wage and collective bargaining agreement.
SK hynix will pay staff $50,000 apiece according to a tentative agreement with disgruntled workers — $1.79 billion potential profit pool will be split between cash and stock grants
After posting record profits amid high memory prices, SK hynix ran into a dispute with employees over profit sharing and wage increases, which threatened to escalate into collective action by the company's union. This week, SK hynix management and the labor union reached a preliminary 2026 wage and collective bargaining agreement that significantly changes how the company's profit-sharing bonuses will be distributed, reports Maeil Business citin…
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