SKHY stock rose 5% in premarket on Thursday. <\/p>\n
SK Hynix and its labor union reached a tentative wage and collective bargaining agreement, featuring a 6.3% salary increase and a significant shift in how employee performance bonuses are apportioned. <\/p>\n
SK Hynix announced a $29 billion buyback plan earlier this week. <\/p>\n
U.S.-listed shares of SK Hynix rose nearly 5% in early premarket trading on Thursday after the memory chip giant reportedly reached a temporary agreement with its workers over wages. <\/p>\n
SK Hynix and its labor union reached a tentative wage and collective bargaining agreement, featuring a 6.3% salary increase and a significant shift in how employee performance bonuses are apportioned, Bloomberg report citing a report in local news outlet Yonhap News. <\/p>\n
See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox<\/a> <\/p>\n The development follows a similar truce Samsung reached with its workers a few months ago after employees threatened to strike. <\/p>\n Under the tentative agreement, SK Hynix will pay profit-sharing bonuses to employees 40% in cash and 60% in company shares, replacing the previous all-cash structure. <\/p>\n The tentative agreement caps weeks of negotiations as SK Hynix workers seek a higher cut from the record sales of high-bandwidth memory. <\/p>\n A key sticking point was management’s proposal to shift a substantial portion of bonuses from cash to shares, including restricted stock that employees cannot sell immediately. The union initially opposed the plan, arguing it undermined a profit-sharing framework agreed just last year. <\/p>\n Under that deal, SK Hynix agreed to remove a ceiling on its profit-sharing bonus and allocate 10% of annual operating profit to employees in cash for 10 years. <\/p>\n SK Hynix: Recent Updates, Retail View <\/p>\n The development follows SK Hynix announcing<\/a> a 40 trillion won ($29 billion) share buyback and cancellation plan, the largest shareholder return program announced by a publicly listed South Korean company. <\/p>\n On Stocktwits, retail sentiment toward SK Hynix remained “bearish,” as investors weighed the latest developments against continued volatility in the Korean stock market. <\/p>\n Samsung’s Wages Changes <\/p>\n Samsung Electronics reached a last-minute wage agreement with its unions in May after workers threatened an 18-day strike, and the deal was later approved by 74% of voting union members. <\/p>\n Samsung agreed to increase 2026 wages by an average of 6.2% and introduced a new special bonus equal to 10.5% of the semiconductor division’s operating profit, paid in shares, while retaining Samsung’s existing profit-sharing scheme. <\/p>\n The deal also included long-term semiconductor performance targets that could trigger additional stock rewards, as well as a new housing-loan program offering employees up to 500 million won. <\/p>\n Samsung’s Shareholder Returns Plan <\/p>\n Samsung is set to announce a new shareholder return policy \u200blater this month worth more than \u200c100 trillion won ($71.75 billion), Reuters reported on Thursday, citing a report in South Korean media. <\/p>\n The Asian tech giant will hold a board meeting at the end of August to approve a shareholder return plan that includes a special dividend. <\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com. <\/p>\n Read Next: Marvell Lands ‘White Whale’ Google, Raises Stakes Ahead Of Q2 Report: Analyst Says TPU Deal ‘Greatly Expands’ MRVL’s Long-Term AI Opportunity<\/a> <\/p>\n Yuvraj Malik has no position in any of the stocks mentioned in this article. StockTwits’ news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy<\/a>. This article was originally published on StockTwits<\/a>. <\/p>\n Related: <\/p>\n","protected":false},"excerpt":{"rendered":"SKHY stock rose 5% in premarket on Thursday. 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