DAEJEON, Dec. 13 (Korea Bizwire) – Amidst an abrupt termination of contracts by KB Kookmin Bank with its call center service providers in the Daejeon area, a growing number of non-regular employees, primarily call center associates, are intensifying their protests demanding the invalidation of their layoffs and assurances for employment succession. On December 12, union representatives, [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s video game industry is suffering from a delay in the development of new games, a deterioration of business performance resulting from lower than expected popularity of game titles, and the global economic slump. Against this backdrop, layoffs are spreading, particularly among small and medium-sized game developers. Wonder [...]
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 [...]
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 [...]
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 [...]