SK Hynix Union Rejects Wage Deal
Union members at South Korean chipmaker SK Hynix narrowly rejected a tentative wage agreement following concerns over share-based bonuses. The rejected deal included a 6.3 percent wage increase.
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SK Hynix union members in South Korea rejected a tentative wage agreement by a narrow margin of 25 votes on Tuesday afternoon. The vote failure halts a 6.3% pay rise and a shift in how employee bonuses are distributed. The setback arrives as the memory chipmaker faces rising worker pushback over share-based compensation plans.
