The union and management held this year's first round of wage negotiations last Wednesday at the company's Icheon campus.
The union's proposal includes raising the salary cap, expanding regular wages to cover vehicle maintenance and fuel costs, and guaranteeing an 800 percent performance bonus for employees with improved evaluation scores.
The union also demanded more profit-sharing by removing caps on the payments. Since 2021, SK hynix has shared 10 percent of its operating profit with employees based on their individual performance.
"If wage hikes were driven by external factors in the past, now we need a reasonable level that employees can accept," the union said, explaining that its proposal reflects both company performance and employees' expectations.
Last year, both sides agreed on a 5.7-percent increase in wages, lower than the 8-percent raise the union had initially demanded.
The chipmaker, which was recovering from losses exceeding 7 trillion won in 2023, achieved a record operating profit of 23.47 trillion won the following year, driven by strong competitiveness in high-bandwidth memory.
Earlier this year, employees received bonuses amounting to 1,500 percent of their salary, along with 30 stock options each.
Regarding the union's demand, the company responded that it would "comprehensively" consider various factors including internal and external business conditions, while expressing optimism by saying that it expects "constructive and productive discussions" in upcoming negotiations.
reporter
Kim Dong-young
davekim0807@ajupress.com
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