3 years’ wages and school expenses… KB Kookmin Bank packed 800 people

(Photo = KB Kookmin Bank)

(Photo = KB Kookmin Bank)

At the beginning of this year, it was revealed that 800 employees left the bank due to the hopeful retirement that KB Kookmin Bank conducted for those who are expected to transition to wage peak.

According to the financial sector on the 4th, a total of 800 employees retired from Kookmin Bank as of the 30th of last month.

This is 1.7 times the size of last year’s wage peak system hopeful retirement (462). Compared to 2019 (613) and 2018 (407), this is a significant increase.

This year’s hopeful retirement can be interpreted as a significant increase in the number of retirees, as the number of targets and the scope of retirement have expanded from last year.

The targets for hopeful retirement this year are from 1965 to 1973, and the scope has been greatly expanded than that for those born in 1964 to 1967 last year.

Students who wish to retire were paid 23 to 25 months’ salary and school expenses (3.5 million won per semester, maximum 8 semesters) or reemployment support (up to 34 million won). It also provided benefits such as support for health check-ups (self and spouse) and opportunities for re-employment (contract workers) after one year of retirement.

About 1,700 people quit banks in four commercial banks, including Shinhan, Hana, Woori, and NH Nonghyup, which ended their hopeful retirement in December and January of last year.

The number of people who chose to retire amid the novel coronavirus infection (Corona 19), as major banks offered generous conditions such as up to three years’ wages, school expenses, and job transfer subsidies, has generally increased from previous years.

All major commercial banks regularize special retirement and send out employees from December to January of the following year.

An industry official said, “As the number of people required for banks decreases due to the expansion of non-face-to-face financing, banks are trending toward special retirement by setting better retirement conditions or expanding the target age each year.”

Eunji Cha, reporter Hankyung.com [email protected]

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