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MSD Korea begins voluntary retirement

By Jung, Sae-Im | translator Kim, Jung-Ju

23.05.12 12:07:08

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The suggestion of '2n+10' for employees of the GM division

MSD Korea Labor Union, "There is no management crisis and we will protect the right to live"


MSD Korea, which announced a reduction in manpower due to the abolition of the Januvia division, has begun a full-fledged reduction in personnel by disclosing the conditions for ERP. The labor union of MSD Korea warned of a tough response, saying, "We cannot accept the company's attempt to reduce manpower." On the 12th, MSD Korea announced the conditions for voluntary retirement for GM division employees. Employees who apply for voluntary retirement are paid a monthly basic wage equal to the number of months equivalent to the value of adding 10 to twice the number of years of service as a basic severance pay (2n+10). The payment limit is limited to a maximum of 48 months. In addition, an additional 20 million won is

Jung, Sae-Im(same@dailypharm.com)
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