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International Business Times
International Business Times
Business

SK Hynix Workers Were Offered A 6.3% Pay Raise. They Rejected The Deal By Just 25 Votes.

The proposed switch to a much larger stock component drew opposition from workers concerned that their compensation would become more exposed to fluctuations in SK Hynix's share price. (Credit: Getty Images)

SK Hynix workers narrowly rejected a tentative wage agreement that included a 6.3% salary increase and major changes to performance bonuses, with just 25 votes separating the two sides after two months of negotiations.

Of the 15,045 union members who voted, 7,535, or 50.08%, opposed the agreement, while 7,510 supported it, Yonhap News Agency reported. Turnout reached 93.8% among the union's 16,083 members, and management and labor representatives are now expected to return to negotiations, with the bonus payment structure likely to remain a central issue.

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