South Korean distribution industry cuts staff due to sluggish consumption... Voluntary retirements occur one after another

South Korea's distribution industry has begun cutting back on personnel in response to sluggish consumption due to the recession. Major online retailer ``11th Avenue'' is recruiting for voluntary retirement for the first time, and distribution major G.
S Retail also encouraged long-term employees to take voluntary retirement. There is no hope that the economy will recover next year, and the future of business is uncertain.
``11th Avenue'' announced on the 27th that employees over the age of 35 with 5 or more years of service can apply for voluntary retirement until the 8th of next month.
They announced that they would accept applications. The company was established in 2018, and this is the first time it has offered voluntary retirement since its establishment. Voluntary retirees will receive four months' salary and will be able to leave the company at the end of next month.
It becomes. The company explained, ``We have proposed an efficient method for both the company and its employees to sustainably grow and survive.'' “This measure will ensure an efficient organization and strong human resources.
I hope that.'' The company is aiming for a "performance turnaround" by 2025 and has been working to improve profitability. Sales for the first three quarters of this year were 601.9 billion won.
(approximately 68.8 billion yen), an increase of 27.6% year on year, and operating loss was 91 billion won (approximately 10.4 billion yen), a decrease of 14.1%. Record-high sales in the fourth quarter, reducing deficit
It is expected that However, the company is facing financial problems. When we raised 500 billion won from financial investors in 2018, we promised an initial public offering (IPO) within five years, but the
I couldn't do it within the limit. Therefore, it is necessary to repay the investment or find new investors. Recently, we conducted stock negotiations with Singaporean online retailer Qoo10, but the company's price
Could not agree on value assessment. GS Retail also offers voluntary retirement to long-term employees born in 1977 and above. They offered conditions such as 18 months' salary and financial support. now
Employees of GS Fresh Mall, whose services will end at the end of the month, have accepted voluntary retirement. GS Retail emphasized, ``This is not a temporary structural adjustment, but a voluntary retirement that is carried out regularly every year.''
. Starting this year, GS Retail has been focusing on improving its business structure, and streamlining its workforce is part of that effort. As of the third quarter of this year, the number of employees was 7,495, an increase of 300 from the end of last year (7,814).
I reduced it. In September last year, Lotte Home Shopping also asked employees over the age of 45 with five or more years of service to take voluntary retirement. This is due to poor performance due to factors such as a decline in TV viewers.