SK Hynix Union Approves Wage Deal
South Korean chipmaker SK Hynix union members have approved a revised wage agreement after rejecting an earlier proposal. The new deal increases the cash share of profit-sharing bonuses to fifty percent.
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SK Hynix union members in South Korea approved a revised wage deal on Wednesday morning, securing 57.1% support across production sites. The agreement resolves weeks of labor uncertainty following a narrow rejection of an earlier proposal on August 20. The settlement concludes this year's collective bargaining negotiations at the world's second-largest memory chipmaker.
