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MSD Korea expands ERP to all departments

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

23.07.14 16:26:53

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Expanded ERP subjects to all business units

Basic severance pay 2n+10, excess severance pay amount raised to maximum KRW 120 million


MSD Korea, which had notified the closure of the General Medicine division that sold the diabetes treatment Januvia, has extended the conditions for its early retirement program (ERP). With the company¡¯s large-scale layoff raising conflicts with employees and the low rate of applications, the company seems to have changed its tactics to reshuffling.

According to industry sources on the 15th, MSD Korea announced introduced a broader ERP program that allows a wider range of subjects to apply for early retirement with expanded conditions. The changed conditions allow employees from all departments, not only the General Medicine division but all divisions. The excess severance pay was also raised to a maxi

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