Breaking News, World News and Taiwan News.

Renault's South Korean unit reduces workforce 15% through retirements

SEOUL -- The struggling South Korean unit of French auto giant Renault said Monday it had managed to reduce its workforce by 15 percent through a voluntary retirement scheme aimed at cutting costs.

Renault Samsung Motors said about 800 of its 5,500 employees would leave the company by Friday after receiving compensation of up to two years of salary depending on their years of service.

Employees who took up the offer will also have their children's school fees paid for two years, along with other benefits.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search