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Chung Yong-jin, vice chairman of Shinsegae Group |
[Alpha Biz= Reporter Kim Jisun] On the 7th, according to the retail industry, SSG.com announced on its internal bulletin board on the 5th that it would be conducting voluntary retirement. This is the first time SSG.com has implemented voluntary retirement since it was split off from E-Mart and established as a corporation in March 2019. E-Mart also conducted voluntary retirement for employees with over 15 years of service in managerial positions last March.
The voluntary retirement at SSG.com is open to employees who joined before July 1, 2022, and have at least two years of service at the headquarters. Depending on their length of service, they will receive a special severance payment equivalent to 6 to 24 months' salary.
The voluntary retirement at SSG.com was implemented about two weeks after Shinsegae Group replaced its head last month. The decision to implement voluntary retirement immediately after Hoonhak Choi, the former head of the sales division, was promoted to CEO is interpreted as an unavoidable move to revamp the personnel of SSG.com, which has been struggling with chronic deficits.
SSG.com posted a loss of 103 billion KRW last year and recorded an operating loss of 13.9 billion KRW in the first quarter of this year. Hanwha Investment & Securities projected that the operating loss would reach 15.5 billion KRW in the second quarter as well.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
