[Breaking] SK hynix labor and management draft revised tentative agreement, strengthening stock option choice for bonuses
TECHWORLD ·
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SK hynix labor and management drafted a revised tentative agreement on the 9th regarding the bonus payout method.
The base payout ratio will change to 50% cash and 50% stock, and the stock payout ratio can be chosen in 10% increments within a range of 50% to 100%.
The revised tentative agreement includes advance payment of deferred bonuses based on last year's performance for next year and the year after next, as well as additional housing loan support for single-parent families.
SK hynix labor and management drafted a revised tentative agreement on the 9th that updates the earlier tentative agreement on the bonus payout method while keeping its overall framework intact. The revised tentative agreement, released as a breaking item, includes adjustments to the bonus payout method, which had been the main point of contention.
The direction of the adjustment was to shift part of the base payout ratio toward cash while expanding members' choice options. The existing base payout ratio was 40% cash and 60% stock, but the revised base payout ratio has been changed to 50% cash and 50% stock.
At the same time, members will be able to choose the stock payout ratio directly. The available range for the stock payout ratio is 50% to 100%, in 10% increments.
SK hynix labor and management said they had prepared the revised tentative agreement and plan to hold an extraordinary delegates' meeting on the 10th, followed by a general vote of union members on the 15th and 16th. Procedurally, an extraordinary delegates' meeting is scheduled for the 10th, and a general vote of union members is scheduled for the 15th and 16th.
The revised tentative agreement includes measures aimed at reducing confusion that could arise during the transition in the bonus payout method.
To minimize confusion during the transition from the existing bonus system to the new one, the agreement will advance payment of the deferred portion for next year and the year after next among bonuses calculated on last year's performance.
It also partially expanded the housing loan-related program. The existing additional support criteria had been limited to married households, but the revised tentative agreement includes single-parent families as eligible for additional support. Through this, the company plans to help more members better balance work and family life.
Source: TECHWORLD · Park Gyu-chan
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406789
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Source: TECHWORLD
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