NH Nunghyup after Woori bank…Banks to proceed with resignation offer despite of the maximum performance
Kim Dong Wook | east@ | 2017-12-05 10:04:52
Commercial banks which have achieved record-high earnings this year have been cutting large-scale manpower at the end of the year to reduce preemptive costs. As the non-face-to-face, digital finance spread, and the consolidation of branch offices become full-scale, the size of human capital reduction in commercial banks including hopeful retirement programs is expected to expand further.
Meanwhile, IBK, a state-run bank, is competing with commercial banks but faces a contradiction in that early-wage peak pickers do not get their applications for retirement.
According to the financial sector on December 4, Woori Bank and Nonghyup Bank have begun cutting their preemptive manpower structure this year.
NH Nonghyup Bank is applying for retirement from November 20 to November 22. The applicant is all those who apply for the wage peak system and those who are over 40 years old who worked for the NACF Bank for more than 10 years. When a wage peak system applicant applies for honorary retirement, the retirement allowance is paid for 26 months` salary. Employees who are not subject to the wage peak system will be paid 20 to 36 months` salary depending on their age.
Nonghyup Bank has been honorary retirement at the end of the year almost every year since the financial crisis. Last year, 411 people applied for an honorary retirement.
If the applicant is confirmed as the final candidate, he will retire after the end of the year.
Woori Bank, in July, retired from a voluntary retirement scheme with about 1,000 employees, 800 of whom left the bank. A Woori Bank representative said, "Although the net profit declined in the short term due to voluntary retirement, it will lead to a reduction of SG & A expenses of more than 100 billion won every year in the medium and long term."
NH Bank, Woori Bank and NH Bank are also weighing their voluntary retirement programs. KB Kookmin Bank and Shinhan Bank are expected to receive honorary retirement applications for some applicants rather than large-scale retirement.
Huh In-kook, the head of the Kookmin Bank, told reporters after his inauguration that "Hope retirement is part of giving employees the option of reaching the pay peak," he said. "If employees want a new start, . However, he added, "I do not think about voluntary retirement at all."
On the other hand, KEB Hana Bank, which is undergoing a "special retirement" program, is also coordinating the implementation of human resource reduction this year. Last year, employees who were at least 39 years old (14 years or more) and employees who were at least 38 years old and who were in service for more than 10 years were eligible. A bank official said, "Last year, KEB Hana Bank issued a statement about the application for retirement, about a week before the start of the new year," he said.
On the other hand, IBK, which competes with commercial banks, will not be able to withdraw from the wage peak system because it will be impossible for the company to resume the voluntary retirement next year.
While the Financial Services Commission (FSC) is inevitably in favor of retirement from the corporate bank in the larger framework of employment circulation, the Ministry of Strategy and Finance, which holds the personnel and budget control authority, is suffering from the problem of equity with other public enterprises.
"The 62, 63, and 64-year-olds are the last generation of the baby boom, and they have been in the bank so much," said a vice chairman of the commissioner at a commercial bank. "In a big frame, But it seems difficult to negotiate between ministries."
In the financial sector, the consolidation of branch offices of commercial banks is accelerating. Especially, as the banking business becomes more and more digitized, it is anticipated that more and more people will be retired.
By Kim Dong Wook east@
[ copyright ⓒ The Digitaltimes ]
Meanwhile, IBK, a state-run bank, is competing with commercial banks but faces a contradiction in that early-wage peak pickers do not get their applications for retirement.
According to the financial sector on December 4, Woori Bank and Nonghyup Bank have begun cutting their preemptive manpower structure this year.
NH Nonghyup Bank is applying for retirement from November 20 to November 22. The applicant is all those who apply for the wage peak system and those who are over 40 years old who worked for the NACF Bank for more than 10 years. When a wage peak system applicant applies for honorary retirement, the retirement allowance is paid for 26 months` salary. Employees who are not subject to the wage peak system will be paid 20 to 36 months` salary depending on their age.
Nonghyup Bank has been honorary retirement at the end of the year almost every year since the financial crisis. Last year, 411 people applied for an honorary retirement.
If the applicant is confirmed as the final candidate, he will retire after the end of the year.
Woori Bank, in July, retired from a voluntary retirement scheme with about 1,000 employees, 800 of whom left the bank. A Woori Bank representative said, "Although the net profit declined in the short term due to voluntary retirement, it will lead to a reduction of SG & A expenses of more than 100 billion won every year in the medium and long term."
NH Bank, Woori Bank and NH Bank are also weighing their voluntary retirement programs. KB Kookmin Bank and Shinhan Bank are expected to receive honorary retirement applications for some applicants rather than large-scale retirement.
Huh In-kook, the head of the Kookmin Bank, told reporters after his inauguration that "Hope retirement is part of giving employees the option of reaching the pay peak," he said. "If employees want a new start, . However, he added, "I do not think about voluntary retirement at all."
On the other hand, KEB Hana Bank, which is undergoing a "special retirement" program, is also coordinating the implementation of human resource reduction this year. Last year, employees who were at least 39 years old (14 years or more) and employees who were at least 38 years old and who were in service for more than 10 years were eligible. A bank official said, "Last year, KEB Hana Bank issued a statement about the application for retirement, about a week before the start of the new year," he said.
On the other hand, IBK, which competes with commercial banks, will not be able to withdraw from the wage peak system because it will be impossible for the company to resume the voluntary retirement next year.
While the Financial Services Commission (FSC) is inevitably in favor of retirement from the corporate bank in the larger framework of employment circulation, the Ministry of Strategy and Finance, which holds the personnel and budget control authority, is suffering from the problem of equity with other public enterprises.
"The 62, 63, and 64-year-olds are the last generation of the baby boom, and they have been in the bank so much," said a vice chairman of the commissioner at a commercial bank. "In a big frame, But it seems difficult to negotiate between ministries."
In the financial sector, the consolidation of branch offices of commercial banks is accelerating. Especially, as the banking business becomes more and more digitized, it is anticipated that more and more people will be retired.
By Kim Dong Wook east@