SK Hynix labor and management have reached a point of agreement on a tentative deal following a long period of negotiations over this year's wages and collective bargaining agreement (CBA). After concluding overnight representative talks, labor and management plan to finalize the specific wording of the tentative agreement before presenting the agreed content to members through a delegate assembly.
According to the electronics industry on the 19th, SK Hynix labor and management concluded their representative negotiations early this morning to settle this year's CBA. It was reported that they plan to finalize the specific wording for the tentative agreement later this afternoon.
The tentative agreement is expected to be communicated to members through an emergency extraordinary delegate assembly. SK Hynix members are anticipating the release of the specific agreement details on the 21st.
Key issues in this year's CBA were the method of paying stock for the excess profit distribution (PS) and wage adjustments during deficit periods. The company proposed distributing a significant portion of PS in stock with restrictions on selling for a certain period, but the union has opposed this, arguing that it would place the burden of stock price fluctuations on members.
Meanwhile, labor and management conducted their sixth round of negotiations on the 11th and 12th, followed by marathon talks during the Liberation Day holiday from the 15th to the 17th. The union also informed its members at that time that significant progress had been made on major agenda items, leaving only final adjustments for a conclusive agreement.
in INDUSTRY
