SK hynix will commence its wage and collective bargaining negotiations this month. Following the recent wage agreement at Samsung Electronics, there is growing interest in compensation standards within the semiconductor industry, and SK hynix is expected to face demands for wage increases and improved welfare during this year's negotiations.
According to industry sources, SK hynix announced its plan to conduct this year's negotiations by the end of June during a communication event held at its Cheongju campus. The company addressed internal concerns regarding delays in the negotiation schedule by clarifying the start date.
Wage increases and welfare improvements are anticipated to be the main issues in this year's negotiations. After restructuring its performance bonus system last year, SK hynix may focus more on basic wage and working conditions this year.
Previously, SK hynix established a system to allocate 10% of its operating profit for performance bonuses through labor-management discussions, suggesting that wage increases and welfare improvements may take precedence over performance bonus calculations in this year's negotiations.
However, the recent tentative agreement between Samsung Electronics and its labor union, which includes a 6.2% wage increase and the introduction of a special management performance bonus system for the semiconductor sector, could influence SK hynix employees to demand compensation levels that reflect those of their competitor.
SK hynix operates under a dual union system. The union representing technical office workers under the Korean Confederation of Trade Unions and the union for full-time workers at the Icheon and Cheongju plants affiliated with the Federation of Korean Trade Unions are both expected to engage in wage negotiations.
During the event, messages were conveyed in light of recent labor disputes among major domestic companies. Kwak No-jung, CEO of SK hynix, stated, "The difficulties in labor relations among domestic companies have become an issue. We must respond well to various internal and external situations to ensure greater development next year."
Kwak also emphasized the importance of not becoming complacent with current successes in the AI semiconductor boom. He remarked, "While the company is doing well now, we must consider the next 10 to 15 years. In the AI era, a single mistake could lead to difficulties. It is time to gather the wisdom and capabilities of all employees to prepare for the next phase of growth."
SK hynix holds quarterly events where the CEO communicates directly with employees. This event at the Cheongju campus was broadcast live to all domestic sites.
* This article has been translated by AI.
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