Shinhan Bank announced on December 12 that it will begin accepting applications for voluntary retirement starting December 15.
According to Shinhan Bank, the eligibility criteria for voluntary retirement are as follows: employees at deputy branch manager level or above who have worked for at least 15 years and were born in 1967 or later; employees at grade 4 or below who have worked for at least 15 years and were born in 1985 or earlier; and RS (Retail Service) employees who have worked for at least 10 years. Most employees born in 1985 are around 40 years old.
The special severance pay will range from 7 to 31 months of base salary, depending on the year of birth, which is the same as last year. Shinhan Bank will accept applications until December 18 and will select the recipients. Employees whose voluntary retirement is confirmed will leave the company as of January 2 next year.
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