#Unions

News tagged with #Unions

Aerial view of the SK hynix manufacturing complex with logo on the roof, illustrating the company's scale amidst the union dispute

SK hynix: New Union Opposes Bonus Revision — Fight Over 10% Profit Share Divides Workforce

Economy 08/11/2026, 03:53
🇰🇷 SK hynix employees have created a new union to protect their bonuses from management revision. 📉 In August 2026, 3,800 employees (11% of the staff) joined the new organization, dissatisfied with the fragmentation of old unions. 💰 The conflict flared up over an agreement on 10% of annual profit: management wants to replace part of the bonuses with stock, like at Samsung, but workers oppose market volatility. ⚖️ The Korean government criticizes both the payment model and the negotiation process. The new union will likely be able to influence decisions only next year.
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