E-Mart launches its first company-w... > 경제기사 | economics

View of E-mart in downtown Seoul photo = E-mart

[Alpha Biz=Chicago Reporter Kim Jisun] E-Mart will apply for voluntary retirement for the first time since its foundation.

E-Mart posted an application for voluntary retirement on the afternoon of the 25th. All employees with more than 15 years of service and manager-level or higher are eligible, and the special retirement allowance is 24 months worth of monthly salary, equivalent to 40 months worth of basic salary.

It will pay 25 million won in living support and 10 million won to 30 million won in transfer support for each position, as well as consulting on reemployment.

E-Mart has decided to receive voluntary retirement across the company after receiving applications for voluntary retirement starting last month from employees at its Cheonan Pentaport branch and Sangbong branch in Seoul, which are scheduled to close next month and May, respectively.

E-Mart posted record sales of 29.4 trillion won last year, but suffered its first operating loss on a consolidated basis due to massive losses at Shinsegae Engineering amp; Construction. E-Marts operating profit also fell 27.3% year-on-year to 188 billion won.

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/ 알파경제 Kim Jisun Reporter