Photo = Yonhap news

 

[Alpha Biz= Reporter Kim Sangjin] On the 18th, according to the securities industry, Kyobo Securities, iM Securities, Hanwha Investment & Securities, and SK Securities are planning branch closures and workforce reductions.

Kyobo Securities plans to reduce its existing 25 branches by 7, consolidating them into 18. SK Securities is also in the process of merging 25 branches into 20. iM Securities is accompanying workforce restructuring with the expansion of its voluntary retirement program. The company has already held two rounds of voluntary retirements this year and announced last month that it would consolidate its 19 wealth management centers and branches into 11, starting in December.

In particular, employees at Kyobo Securities criticized the company's branch closure plan as a unilateral preliminary restructuring proposal and began a solidarity sit-in protest in front of the CEO’s office.

 

 

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