SK hynix's General Union Nears Formation, Vows to Insist on Cash PS Payouts

Deep News
Aug 12

General union covering on-site production and technical clerical positions at SK hynix is set to be established, with an application already submitted. The union aims to enroll 18,000 members to achieve majority status and firmly uphold the principle of cash-based PS payments.

On August 12, according to overseas sources, the general union for SK hynix, encompassing regular on-site production roles and technical clerical positions, is on the verge of being formed. The preparatory committee submitted the establishment application on the 8th, and the official inauguration could be completed as early as today.

Industry sources report that as of the 12th, membership numbers have surpassed 1,250 ahead of the launch. The union's primary objective is to recruit around 18,000 members, securing a majority status among the workforce. Given the current multi-union system at SK hynix, which fragments employee demands, the organizers are pushing for the creation of a unified body.

The organization is currently operating through a temporary integration working group, formed voluntarily by employees. The working group emphasizes that the union will eliminate barriers between job roles and locations, granting all members equal voting rights. It will operate as a fully independent union, not affiliated with higher-level bodies like the Korean Confederation of Trade Unions.

In terms of operations, all negotiation proceedings and meeting minutes, including detailed data, will be made public. The union has established a clear prohibition: if the chairman or others engage in political activities under the union's name, impeachment proceedings will be initiated. Its core mission is to uphold the principle of cash-based PS distributions, preventing the company's plan to convert PS payments into stock form.

Additionally, the working group has sought advice from Samsung Electronics' cross-enterprise union to explore potential labor alliances. However, even if the union is successfully formed, it remains uncertain whether it can immediately participate in this year's collective bargaining on wages and other matters. If direct involvement is not possible, the union plans to exert influence by observing negotiations, demanding transparency in progress, and conveying grassroots demands.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10