SK hynix Raises Cash Share In Performance Bonus Plan

According to The Korea Herald, SK hynix has increased the cash portion of its proposed performance bonuses after union members narrowly rejected an earlier agreement. Under a revised tentative deal announced Thursday, the chipmaker will pay profit-sharing bonuses 50% in cash and 50% in company shares by default, up from a previous proposal of 40% cash and 60% shares. Employees who want more stock may choose a share-based payout ranging from 50% to 100% in 10% increments.