SK hynix employees form new integrated labor union over bonus disputes

Employees at SK hynix are forming a new integrated labor union to represent both production and technical office workers. More than 3,500 employees—approximately 10% of the company's total workforce—have joined the preparatory group since its inception on May 5.

The primary driver for this movement is a dispute over performance bonuses. While the company and existing unions had previously agreed to a system using 10% of operating profits as a bonus pool for the next decade, the company has recently proposed changes. These include paying a portion of bonuses in company stock with restrictions on selling, which has raised concerns among employees regarding potential losses due to stock price volatility.

The provisional chairperson stated that the union's priority is the