Home / Business and Economy / SK Hynix Union Rejects Wage and Bonus Deal
SK Hynix Union Rejects Wage and Bonus Deal
25 Aug
Summary
- Union members voted against a tentative collective bargaining agreement.
- The rejected deal included proposed salary increases and share bonuses.
- Over half of the union members voted to disapprove the proposed terms.
SK Hynix Inc.'s union has voted to reject a tentative collective bargaining agreement that had been proposed by management. The deal aimed to raise salaries and include a payout of bonuses in company shares.
According to reports, union members cast their votes on the proposed terms. The outcome revealed that 50.08% of the members voted against ratifying the agreement. This indicates a close decision, with a slim majority opposing the deal.
The rejection signifies that the proposed salary adjustments and share-based bonus structure will not be implemented as initially agreed upon by union leaders and management. Further discussions or revised proposals may be necessary to reach a consensus acceptable to the union membership.
