Yonhap News AgencyApril 8, 2014 07:11
By Kang Yoon-seung
SEOUL, April 8 (Yonhap) -- KT Corp., South Korea's No. 2 mobile carrier, said Tuesday it will accept voluntary retirement applications from senior employees in an apparent bid to tighten its belt as it is dragged down by lackluster performances.
The company said it reached an agreement with its labor union to allow employees who have worked 15 years or longer at KT to apply for retirement.
Of the company's 32,000 workers, about 23,000 are estimated to be eligible to apply. Applications will be accepted from Thursday through April 24.