What was in the SK hynix wage deal that union members rejected?

The tentative agreement called for a 6.3 percent wage increase and a new payment structure for performance-based incentives. Under that proposal, 40 percent of the incentive would be paid in cash and 60 percent in company shares.

When will SK hynix workers vote again on the wage deal?

The revote will be held for two days starting next Tuesday. Union delegates are also scheduled to meet on Thursday to review what changed from the earlier tentative agreement.

How would the performance bonus be paid under the rejected SK hynix proposal?

Forty percent would be paid in cash and the remaining 60 percent in company shares. Of the shares, 40 percent would be sellable in the year they are received, while the remaining 20 percent would be deferred and paid in 10 percent installments over two years.

SK hynix union to revote on rejected wage deal next week

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Summary

Unionized workers at SK hynix will revote next week on a tentative wage deal that was rejected three weeks ago, industry sources said Wednesday. The vote will last two days starting next Tuesday. Union delegates are scheduled to meet Thursday to discuss changes from the previous proposal. The earlier agreement included a 6.3 percent wage increase and a new performance-incentive payment structure.

Key Facts

The union rejected the previous tentative agreement last month after it was reached between SK hynix and the union.
Under the rejected proposal, 40 percent of the performance-based incentive would be paid in cash and 60 percent in company shares.
Of the shares, 40 percent would be eligible for sale in the year they are received, while 20 percent would be deferred and paid in 10 percent installments over two years.

By Yonhap

Published Sep 9, 2026 2:45 pm KST

SK hynix's headquarters in Icheon, Gyeonggi Province, July 29 / Yonhap

Unionized workers at SK hynix will revote next week on a tentative wage deal that was rejected three weeks ago, industry sources said Wednesday.

The vote will be held for two days starting next Tuesday, they said.

Details on what has changed from the previous tentative agreement are expected to be disclosed at a union delegates' meeting scheduled for Thursday.

Last month, the union rejected a tentative agreement reached between the company and the union.

Under the previous agreement, SK hynix and its union had agreed to a 6.3 percent wage increase and a new payment structure for the company's performance-based incentive.

Under the proposal, 40 percent of the incentive would be paid in cash and the remaining 60 percent in company shares.

Of the shares, 40 percent would be eligible for sale in the year they are received, while the remaining 20 percent would be deferred and paid in 10 percent installments over two years.

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