Recent #Voluntary Resignation news in the semiconductor industry

9 months ago

➀ Samsung Electronics has implemented a large-scale voluntary resignation plan.

➁ The plan primarily targets CL3 (Vehicle & Section Chief level) employees who have worked for 15 years or more but have not faced hardship within the past 5 years.

➂ The second phase of the plan extends to employees with 10 years of service, and the third phase will expand to all staff if targets are not met. The final phase is a continuous operation.

➃ Voluntary resignation conditions include a severance pay of 380 million won and 4 months of salary, totaling around 400 million won.

Samsung ElectronicsVoluntary Resignation
11 months ago
➀ LG Display, a major Korean panel manufacturer, has implemented a voluntary resignation plan to reduce labor costs, with over 1400 employees applying. ➁ Employees who choose to resign receive compensation equivalent to 36 months of fixed salary. ➂ The company is focusing on OLED technology and phasing out its LCD business, leading to the closure of several factories.
LG DisplayOLED TechnologyVoluntary Resignation