Over 500 NC Voluntary Retirement Applicants
Final Approval Decision by the 15th with Individual Notifications
It has been reported that more than 500 employees applied for the voluntary retirement program implemented by NCSoft for the first time in 12 years.
NC provides voluntary retirees with severance pay ranging from a minimum of 20 months to a maximum of 30 months' salary based on their length of service. Getty Images
According to industry sources on the 11th, NCSoft accepted applications for voluntary retirement from game development teams and non-development staff for two weeks, from October 28 to November 8.
The number of applicants exceeded 400 by Thursday, the day before the deadline last week, and on the final day, Friday, applications surged, resulting in more than 500 applicants.
NCSoft will pay voluntary retirees a severance package ranging from a minimum of 20 months to a maximum of 30 months’ salary depending on their length of service. Employees in some development teams whose projects were canceled can apply even if their length of service is less than one year.
However, even if applicants meet the conditions, voluntary retirement is only permitted for those who receive the company's 'final approval'; others may be rejected. Additionally, employees belonging to subsidiaries targeted for spin-off and high performers who received the highest rating in last year’s performance evaluation are excluded from the voluntary retirement program.
NCSoft plans to review the 'final approval' status of applicants by the 15th and notify them individually.
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