SK Hynix to pay 60% of employee bonuses in stock under preliminary deal, source says

SEOUL, Aug 20 : South Korean chipmaker SK Hynix has agreed to pay 60 per cent of this year's employee bonuses in shares and the remaining 40 per cent in cash under a preliminary wage agreement, a person familiar with the matter said.The agreement is being discussed by union delegates, said the person, who was not authorised to talk to media and declined to be identified. Last year, SK Hynix agreed to share 10 per cent of ​its annual operating profit with workers ​in the form of cash, under an agreement which ‌would ⁠be in place for 10 years.This year, however, management proposed paying more than half of bonuses in shares, with ​restrictions on selling for ​a ⁠set period — a plan that met with opposition from some workers spooked by the volatility of SK Hynix stocks. SK Hynix declined to c