SK Innovation announces first voluntary redundancies in 18 years
May 14, 2015
SK Innovation, South Korea’s top oil refiner, has announced a voluntary retirement scheme for its employees for the first time in 18 years since the 1997 Asian financial crisis.The company made the announcement Wednesday via its intranet, saying that the company is receiving applications for those who want to voluntarily leave the company. Any employee aged over 44 who has worked for more than five years, or aged under 44 who has worked more than 10 years, can apply. The VRS employees will recei