SK hynix’s labor and management held a central labor-management council at the headquarters in Icheon-si, Gyeonggi-do on the 10th and finally concluded the calculation method of the excess profit distribution (PS), which was an agreement between labor and management related to performance pay on the 4th. In addition, a plan to pay employee stock ownership equivalent to 200% of the basic salary was also confirmed. –
SK Hynix’s Icheon headquarters. / Provided by SK Hynix
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According to the labor and management of SK Hynix, the management decided to change the PS payment standard from’Economic Value Added (EVA)’ to’Operating Profit’ and to use 10% of the operating profit as PS resources. In addition, the management revealed PS payment estimates at the beginning of the year and quarterly so that members can know how much PS they will receive early next year.
For the employee stock ownership payment method, you can choose one of the ways to receive stocks equivalent to 200% of the basic salary for free and to purchase a 30% discount. For members who choose to purchase at a discounted price, the management explained that loans are also provided to relieve the burden of funds.
Sapin plans to hold a’employee stock ownership briefing’ for members next month and transfer the stock after approval by the board of directors in early April.
