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SK Hynix Reaches Agreement with Labor Union: Profit-Sharing Bonus to Be Split 50-50 Between Cash and Stock
4 hour ago /
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Author：小编
On September 16, SK Hynix and its labor union reached a new wage and collective bargaining agreement, increasing the cash payment ratio of profit-sharing bonuses to 50%, with the remaining 50% to be paid in company stock. Approximately 57% of union members voted in favor of the new agreement, after rejecting the company's previous proposal of 40% cash and 60% stock. This agreement concludes approximately two weeks of renegotiations. It is reported that SK Hynix agreed last year to eliminate the cap on profit-sharing bonuses and committed to allocating 10% of its annual operating profit to employee bonuses for 10 consecutive years.
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