SEOUL, Feb. 15 (Korea Bizwire) – Hyundai Motor Group is expected to recruit more than 10,000 workers this year in line with its long-term employment strategy, industry and company sources said Monday.
The recruitment plan follows 9,500 workers recently employed by South Korea’s second-largest conglomerate, which holds Hyundai Motor Co. and Kia Motors Corp. under its wing.
“There will be more recruits this year than last year,” a company official said on condition of anonymity. “Though detailed employment numbers for each affiliate have yet to be determined, it could exceed 10,000 this year.”
This is in line with its mid- and long-term employment strategy.
Hyundai Motor Group seeks to employ a total of 60,000 new workers by 2020, of which it plans to add 36,000 to its payroll by 2018. They include interns and irregular workers, sources said.
Hyundai Motor, the largest employer among around 50 affiliates of the group, will start its recruitment process in March, followed by other smaller affiliates, the sources said.
South Korea is struggling to create jobs for younger people at a time when they are having a tough time finding work.
According to government data, the jobless rate for those aged 15-29 hit an all-time high of 9.2 percent in 2015, which was much higher than the headline unemployment rate of 3.6 percent.