IBK to accept ‘self-resignation’ from 140 in wage pick system
Kim Dong Wook | east@ | 2018-02-05 11:14:23
IBK is expected to resume its voluntary retirement system, which was abolished by 2015. The bank will expand the recruitment of new employees and make a virtuous circle of employment structure by resuming the retirement system for older workers internally through the retirement system of hope. This year, Industrial Bank of Korea, a 1962 employee, covered a total of about 140 people.
A senior representative of the Industrial Bank of Korea said on February 4, "We are discussing with the Ministry of Strategy and Finance in order to resume the retirement system for employees entering the wage peak system this year."
Since IBK is under the control of budget and personnel management by the other public institutions, the management structure of the HOPE system and the specific personnel reduction scale are finalized through final coordination with the department. Despite the fact that Industrial Bank of Korea (BOK) has resumed the resignation of hope and retirement system, it has recently been reported that it has taken steps to revive the voluntary retirement system.
Especially, the fact that the department was abruptly shifting its positions on the hopeful retirement system of the public institutions was the same as that of President Gwon Jae-in, who reproved government ministries on the issue of youth unemployment on January 25. "I do not think the ministries have top priority in solving the job problems of young people," Moon said, citing bureaucrats. After Mr. Moon`s remarks on the day, the Ministry of Information and Communication set up a youth employment measures headquarters (hereinafter referred to as the "headquarters") to respond to the youth unemployment issue on the 28th day of the third day.
Since the establishment of the countermeasure headquarters, the Ministry of Finance and Economy has been discussing expanding the employment of financial public institutions, which are regarded as `decent jobs` for young people to solve the youth job problems.
Industrial Bank of Korea suspended the voluntary retirement system after applying for voluntary retirement from 188 employees at the end of 2015, before the pay peak. However, it has been pointed out that the abolition of the voluntary retirement system has deepened the problems of the aging of the elderly and that it is becoming a big hurdle to expand the employment of young people.
The retirement of voluntary retirement by rival private banks has already become an annual event, while the retirement system of the financial institutions such as IBK is virtually blocked. As the ratio of non-face-to-face financial transactions increases, private banks are steadily implementing `restructuring`, which reduces stores and manpower in order to consolidate branches and reduce costs.
At the end of last year, KEB Hana Bank and Nonghyup Bank each left 207 banks and 534 banks on the basis of voluntary retirement, and Woori Bank also retired 1,011 employees. KB Kookmin Bank also reduced the number of retirees to 2,800 after last year`s voluntary retirement.
In the case of the financial sector, the government is expected to expand the employment retirement system, which is practically practiced in private banks, to public financial institutions such as the industrial bank. In particular, with the resurgence of the Hope Bank retirement system, the discussion on the introduction of a manpower withdrawal system from other public financial institutions, which have been pointed out as `iron rice-bags` is expected to accelerate.
Accordingly, Chairman Kim said, "We will actively encourage `big generations between generations` so that honorary retirement of long-term employees can lead to more young people."
However, there is a concern that the Korean government and its agencies will be affected by how they treat their retirees in order to institutionalize the retirement system of public financial institutions. In fact, a member of the Korea Development Bank (IBK) who entered the wage peak system this year will have a four-year remaining working period, but it will not be easy to pay a four-year salary.
An expert from the financial sector pointed out, "If the compensation bank offers a level that is far below that of other banks due to the nature of an industrial bank competing with a commercial bank, it will be difficult to accept it from the viewpoint of employees considering voluntary retirement."
By Kim Dong Wook east@
[ copyright ⓒ The Digitaltimes ]
A senior representative of the Industrial Bank of Korea said on February 4, "We are discussing with the Ministry of Strategy and Finance in order to resume the retirement system for employees entering the wage peak system this year."
Since IBK is under the control of budget and personnel management by the other public institutions, the management structure of the HOPE system and the specific personnel reduction scale are finalized through final coordination with the department. Despite the fact that Industrial Bank of Korea (BOK) has resumed the resignation of hope and retirement system, it has recently been reported that it has taken steps to revive the voluntary retirement system.
Especially, the fact that the department was abruptly shifting its positions on the hopeful retirement system of the public institutions was the same as that of President Gwon Jae-in, who reproved government ministries on the issue of youth unemployment on January 25. "I do not think the ministries have top priority in solving the job problems of young people," Moon said, citing bureaucrats. After Mr. Moon`s remarks on the day, the Ministry of Information and Communication set up a youth employment measures headquarters (hereinafter referred to as the "headquarters") to respond to the youth unemployment issue on the 28th day of the third day.
Since the establishment of the countermeasure headquarters, the Ministry of Finance and Economy has been discussing expanding the employment of financial public institutions, which are regarded as `decent jobs` for young people to solve the youth job problems.
Industrial Bank of Korea suspended the voluntary retirement system after applying for voluntary retirement from 188 employees at the end of 2015, before the pay peak. However, it has been pointed out that the abolition of the voluntary retirement system has deepened the problems of the aging of the elderly and that it is becoming a big hurdle to expand the employment of young people.
The retirement of voluntary retirement by rival private banks has already become an annual event, while the retirement system of the financial institutions such as IBK is virtually blocked. As the ratio of non-face-to-face financial transactions increases, private banks are steadily implementing `restructuring`, which reduces stores and manpower in order to consolidate branches and reduce costs.
At the end of last year, KEB Hana Bank and Nonghyup Bank each left 207 banks and 534 banks on the basis of voluntary retirement, and Woori Bank also retired 1,011 employees. KB Kookmin Bank also reduced the number of retirees to 2,800 after last year`s voluntary retirement.
In the case of the financial sector, the government is expected to expand the employment retirement system, which is practically practiced in private banks, to public financial institutions such as the industrial bank. In particular, with the resurgence of the Hope Bank retirement system, the discussion on the introduction of a manpower withdrawal system from other public financial institutions, which have been pointed out as `iron rice-bags` is expected to accelerate.
Accordingly, Chairman Kim said, "We will actively encourage `big generations between generations` so that honorary retirement of long-term employees can lead to more young people."
However, there is a concern that the Korean government and its agencies will be affected by how they treat their retirees in order to institutionalize the retirement system of public financial institutions. In fact, a member of the Korea Development Bank (IBK) who entered the wage peak system this year will have a four-year remaining working period, but it will not be easy to pay a four-year salary.
An expert from the financial sector pointed out, "If the compensation bank offers a level that is far below that of other banks due to the nature of an industrial bank competing with a commercial bank, it will be difficult to accept it from the viewpoint of employees considering voluntary retirement."
By Kim Dong Wook east@