South Korea's SK Hynix union members reject wage agreement in vote


FILE PHOTO: An employee walks past the logo of SK Hynix at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File Photo

SEOUL, Aug ⁠25 (Reuters) - South Korean chipmaker ⁠SK Hynix's union members ‌on Tuesday rejected a tentative wage agreement, with just over 50% voting ​against the deal, ⁠according to ⁠a source familiar with the matter.

A ⁠total ‌of 50.08% of the 15,045 workers ⁠who cast ballots voted against the ​agreement, ‌the source said.

The agreement, ⁠reached last ​week, included a 6.3% wage increase and a ⁠revision to SK Hynix's ​profit-sharing bonus scheme, under which 40% of bonuses would be ⁠paid in cash and 60% in company shares.

The world's second-largest memory chipmaker has been ​reaping strong ⁠profits from booming demand for ​high-bandwidth memory (HBM) chips ‌used in artificial ​intelligence applications.

(Reporting by Kyu-seok ShimEditing by Ed Davies)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read