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SK Hynix and South Korean union hold talks over bonus pay
['Tue', 'August At Am Gmt', 'Min Read']
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SEOUL, Aug 4 (Reuters) - SK Hynix and representatives of one of its South Korean unions are holding a fifth round of talks on bonuses at the chipmaker's factory complex in Cheongju city on Tuesday.
Last year, SK Hynix agreed to share 10% of its annual operating profit with workers.
• The union said it "would absolutely not accept any arrangement in which union members bear the risk of stock-price fluctuations."
• An SK Hynix spokesperson declined to comment.
• SK Hynix shares have jumped more than 130% this year, but have lost nearly half their value since hitting record highs in June.