Money-losing SSG.COM, once the most popular online shopping mall in South Korea, is asking some of its employees to volunteer to leave the company for the first time since its inception amid intensifying competition in the countrys e-commerce market.
According to sources in the countrys retail industry on Friday, SSG.COM has launched a voluntary redundancy program for its staff who have worked for more than two years.
Employees applying for the program will receive severance pay for six to up to 24 months equivalent to their current salary and their childrens education expenses. The company will also offer anyone seeking a new job access to a job search support program.
The companys first-ever voluntary redundancies offer comes as it is in…
Read the full article at: https://www.kedglobal.com/corporate-restructuring/newsView/ked202407050016