Market Chatter: SK Hynix's Unionized Workers Reject Possible Wage Agreement

MT Newswires Live

Sep 11, 2024

The unionized workers of SK Hynix (KRX:000660) rejected a proposed wage agreement, with 70.6% voting against the deal, Yonhap News reported Tuesday.

The possible agreement comprised a 5.7% pay raise and higher medical payments, but workers had originally demanded an 8% salary increase. The decision reflects dissatisfaction among the firm's unionized workers amid its stronger-than-expected performance, the report said.

Shares of SK Hynix rose 1% at market close on Wednesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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