The pharmaceutical industry is bracing themselves as winter is coming with the management offering early retirement program (ERP).

Lilly Korea, a South Korean branch of the U.S.-based Eli Lilly’, has presented the ERP plan to reduce a quarter of its sales force. It is its first ERP after three years since 2017.

Only Lilly Korea has officially announced the ERP plan, but the industry sources hint many more multinational pharmaceutical companies are preparing for the program as well.

But what should be highlighted is that these multinational companies’ ERP is not local specific, but rather a part of reorganization trend apparent throughout the world.

T