Bangkok Post Group Reduce costs – restructuring the organization Announcement of the Early Retire Project Ready to pay compensation up to 400 days, revealing that employees who will continue to have to work harder
On January 4, it was reported that Bangkok Post Public Company Limited, which owns the Bangkok Post newspaper, Post Today website, forbes Thailand magazine and elle magazine, announced a voluntary commitment to retirement by the organization. 2021 (Early Retirement) Employees who are approved to participate in the program will receive compensation under the labor law. By paying compensation up to 400 days
For the said announcement signed by Mr. Suthikiat Chirathivat, Chairman of the Board of Directors And the Chairman of the Executive Board of Bangkok Post Public Company Limited has stated that
“Bangkok Post Public Company Limited is about to change. And is moving towards a major turning point If you are ready to go with us You have an obligation or commitment to: Ready to work harder Ready to support the work in the new direction of the company Ready to change myself Accepting new work systems Silo stop Ready to work as a team, various departments, patience, sacrifice, and dedication to common goals If you’re not ready to walk with us on a new path We appreciate you being a part of the company. In the past
The Company has a voluntary early retirement program with compensation under the labor law. Which has rules And procedures Details are as follows
1. Objectives of the Project
1.1 To improve the structure And the management of internal power in the organization appropriately and efficiently
1.2 To improve the personnel cost structure And reduce the overall cost burden in the long run
2. Principles of the Project
2.1 as a requirement And mutual voluntary cooperation between the Company and employees
2.2 It is a unilateral right of the company. In approving or disapproving employees from the project
2.3 In the event that there are many participants in the project, the company reserves the right to consider the selection according to the specified criteria. In order to maximize the benefits of the company
2.4 Approved employees Will cancel the resignation according to the project Not later And must come and perform duties as usual Along with the delivery of the work before the end of the employee status
3. Qualifications of employees who are eligible to participate in the project are employees of Bangkok Post Public Company Limited at all levels who are permanent employees.
4. Method of operation
Employees who wish me to join the project Notify the department head or department head To collect the names and submit them to the Human Resources Department by 31 January 2021 to propose to the Company. To consider approving or disapproving And inform the result of consideration to employees who wish to join the project
In addition to having employees voluntarily And management approved Executives may consider together with the department or department head. And further approval So that the number of employees is in accordance with the appropriate organizational structure.
5. Employees who participate in the project. Will receive the following benefits
Severance compensation By counting the age of work from the date of joining the company Until the last day of becoming an employee
– Employees who have worked consecutively for 120 days but less than 1 year will receive compensation equal to the last 30 days of monthly wages.
– Employees who have worked consecutively for 1 year but less than 3 years receive compensation equal to wages. Last month rate 90 days
– Employees who have worked consecutively for 3 years but less than 6 years receive compensation equal to wages. Last month rate 180 days
– Employees who have worked consecutively for 6 years but less than 10 years will receive compensation equal to wages. Last month rate 240 days
– Employees who have worked consecutively for 10 years but less than 20 years will receive compensation equal to wages. Last month rate 300 days
– Employees who have worked consecutively for 20 years or more receive compensation equal to their employment. Last month rate 400 days
6. Set effective date for leaving And receive compensation according to the project
Employees who apply to join the project Which has been approved by the company It will take effect on April 1, 2021 and receive compensation and wages for the last month through the payroll system on March 31, 2021. “
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