SK Hynix and its labor union have made significant progress in negotiations for the 2026 wage and collective bargaining agreement, overcoming major differences after a marathon session during the Liberation Day holiday. The two sides are set to hold a representative negotiation today (August 18) to finalize the agreement.
According to industry sources on August 18, SK Hynix and the labor union announced to their members that they would hold a representative negotiation today to reach a final agreement.
Yook Hyun-cheol, head of the SK Hynix labor union's secretariat, stated, "Following the relay negotiations on the 12th, we continued intensive discussions on key issues during the marathon negotiations from the 15th to the 17th, even during the holiday period. While some legal and practical reviews remain, we have made significant progress on major issues and have crossed the nine-tenths mark in negotiations."
The two sides had previously engaged in six rounds of relay negotiations, facing off over key issues such as wage increases and bonus criteria. However, they have reportedly found common ground during the recent concentrated discussions over the holiday.
Today, the labor union and management will hold a representative negotiation at the Icheon campus, aiming to finalize the remaining practical review matters and sign the final agreement.
The union emphasized, "Only the final decision between labor and management remains to reach a final agreement, and we will do our utmost to ensure a successful collective bargaining process."
* This article has been translated by AI.
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