SK Hynix reaches tentative wage deal with union, 60% of bonuses to be paid in shares

Published Aug 20, 07:18 AM UTC

SK Hynix has reached a tentative wage agreement with its union that will change the structure of profit-sharing bonuses. Under the proposed deal, 60% of bonuses will be paid in company shares, while 40% will remain in cash, replacing the previous all-cash structure. The agreement is expected to be put to union members for approval soon. This move aligns employee compensation with company performance and stock value, potentially increasing employee retention and alignment with shareholder interests. The deal represents a significant shift in compensation strategy for the South Korean memory chipmaker, which has been navigating a volatile semiconductor market.