layoffs Archives | Be Korea-savvy
3 Out of 10 Temporary Workers Experience Layoffs During COVID-19 Pandemic: Poll

3 Out of 10 Temporary Workers Experience Layoffs During COVID-19 Pandemic: Poll

SEOUL, July 24 (Korea Bizwire) — More than 1 out of 10 workers have experienced layoffs since the onset of the COVID-19 pandemic, with the rate of those who lost jobs reaching nearly 30 percent among non-regular workers, a poll showed Sunday. The survey of 1,000 employees — 600 regular workers and 400 temporary workers [...]

Employees at Uniqlo Korea Anxious as CEO Email Mentions ‘Restructuring’

Employees at Uniqlo Korea Anxious as CEO Email Mentions ‘Restructuring’

SEOUL, April 8 (Korea Bizwire) — Experts are anticipating layoffs at the South Korean unit of Japanese fashion retailer Uniqlo, which has been hit hard by last year’s national boycott movement against Japanese products. Chief executive of FRL Korea, an operator of Uniqlo Korea, recently mentioned the term ‘restructuring’ in an email. The email written [...]

Layoffs in the Cards at Troubled Shipyards

Layoffs in the Cards at Troubled Shipyards

SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s embattled shipbuilding giants may conduct a wave of year-end layoffs in line with self-rescue measures agreed upon with creditors, industry sources said Tuesday. Stung by snowballing losses from tumbling orders and heavy debt, Daewoo Shipbuilding and Marine Engineering Co. (DSME), Samsung Heavy Industries Co. and Hyundai Heavy [...]