SK Hynix’s labor and management held a central labor-management council at the headquarters in Icheon, Gyeonggi-do on the 10th, and announced that it has decided on a plan to pay employees stocks equivalent to 200% of the basic salary, ▲improving the calculation criteria for excess profit (PS), which was agreed on on the 4th of the past.
SK hynix decided to change the PS payment standard from economic value-added (EVA) to operating profit.
In addition, the labor and management agreed to use 10% of operating profit for PS resources, and the PS payment estimate was disclosed at the beginning of the year and quarterly so that members could predict how much PS they will receive at the beginning of the next year.
Regarding the payment of employee stock ownership, one of the options: ① the employee receives the stock equivalent to 200% of the basic salary for free and ② the purchase at a 30% discount.
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SK hynix plans to provide interest-free loans to relieve the financial burden of members who purchase at a discounted price.
Meanwhile, SK Heingis plans to hold an employee stock ownership briefing session for its members next month and transfer the stock after approval by the board of directors in April.