[Alpha Biz=(Chicago) Reporter Paul Lee] Shinhan Bank has begun accepting applications for voluntary retirement at the end of the year. This is the second voluntary retirement this year following the voluntary retirement already implemented in August.

Shinhan Bank announced in-house that it will receive applications for voluntary retirement from the 15th to the 20th of this month.

The retired employees are those born in 1968, among those born after 1965 among employees with more than Ma (the deputy branch manager and deputy director) with more than 15 years of service.

The employee who applied for voluntary retirement will retire on January 5 next year.

Shinhan Bank will pay 7 to 31 months of the average monthly wage to prospective retirees as a special retirement allowance, depending on the year of birth. In August, applicants for voluntary retirement were paid an average monthly salary of 9 to 36 months as special severance pay, this time a relatively small amount of special severance pay will be paid.

The financial sector believes that financial authorities have recently been criticizing excessive interest income and pushing for win-win financing, which will inevitably reduce the amount of special severance pay for internal employees.

About 250 new employees hired by Shinhan Bank in the second half of this year are scheduled to start working between January and February next year.

 

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