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The agreement also includes a 6.3% wage increase and a clause allowing the company to defer wages if it posts a loss
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SK Hynix reached a tentative wage agreement with its South Korean workers on Thursday that would shift the majority of this year's profit-sharing bonuses from cash into company stock, a significant change from last year's all-cash arrangement.
Under the deal, workers would receive 40% of their bonus in cash and 40% in SK Hynix stock that can be sold immediately. The remaining 20% would be distributed as deferred stock compensation — half after one year and the rest after two years. Employees may also choose to take a larger portion in stock, up to 100%, the company said. For the first year of the new arrangement, workers with personal financial needs will be allowed to opt for a larger cash payout.
