SK hynix reaches revised labor agreement with increased cash bonuses

SK hynix management and labor unions have reached a revised tentative agreement regarding wages and collective bargaining following the rejection of a previous proposal. The primary adjustment involves the distribution of profit-sharing (PS) payments, increasing the cash component from 40% to 50% and reducing the stock component from 60% to 50%.

Under the new terms, 80% of the current year's PS will be distributed as 50% cash and 30% stock. The remaining 20% will be distributed as stock in 10% increments over the following two years. Employees will also have the flexibility to adjust their stock portion from the base 50% up to a maximum of 100% in 10% increments.

Additionally, the agreement includes the accelerated payment of deferred bonuses originally scheduled for next year and the year after. The company has also expanded its housing loan support program to include single-parent households, whereas it was previously limited to married couples.