Market Chatter: SK hynix Union to Revote on Rejected Wage Deal Next Week

MT Newswires Live
2 hours ago

Unionized workers at SK hynix (KRX:000660) will hold a two-day revote starting next Tuesday on a tentative wage agreement that was turned down three weeks ago, Yonhap News Agency reported on Thursday.

Details of what has changed since the prior proposal will be shared at a union delegates' meeting today, said the publication.

The earlier deal included a 6.3% pay raise and a revised incentive structure, with 40% paid in cash and 60% in company shares subject to staggered selling limits, the report said.

SK hynix did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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