SK Hynix Labor and Management Reach Tentative Agreement on Average Basic Salary Increase of 8.07%

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[Asia Economy Reporter Jeong Hyunjin] SK Hynix's labor and management have reached a tentative agreement on wage negotiations to increase the average base salary by 8.07% across all job categories, including technical office workers and production workers.

According to the semiconductor industry on the 9th, SK Hynix's labor and management conducted wage negotiations for all job categories for 2021 on the 7th and 8th, reaching this tentative agreement. The SK Hynix and the Korean Confederation of Trade Unions (KCTU) affiliated Icheon and Cheongju plant full-time (production) labor union concluded negotiations on the 7th, and the KCTU-affiliated technical office workers' union negotiations were completed on the 8th.

According to the tentative agreement between labor and management, the base salary increase rate for all job categories, including technical office workers and production workers, was set at an average of 8.07%. Additionally, wage collective bargaining settlement encouragement bonuses, production incentives (PI), and welfare points will be provided. If this agreement is finalized, the starting annual salary of new university graduate technical office employees at SK Hynix is expected to exceed 50 million KRW, excluding profit-sharing bonuses (PS) and others.

The SK Hynix labor union plans to hold a vote soon on the tentative agreement to decide on the final ratification.

This content was produced with the assistance of AI translation services.