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)
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