Lotte Mart’s first hopeful retirement after 23 years

For the first time in 23 years since its founding, Lotte Mart will conduct a desired retirement for all positions. This is the first time since its founding in 1998. It is analyzed as a reduction in labor costs due to sluggishness, such as the cumulative operating deficit reaching 66 billion won.

According to the distribution industry on the 24th, Lotte Mart receives requests for retirement from employees of the same rank for 10 years or more among 4,300 full-time employees. Indefinite contract workers such as supermarket cashiers were excluded. For those who wish to retire, the maximum basic salary for each year of service is 27 months as retirement benefits. In addition, a lump sum of 5 million won is paid for each college student child.

This is interpreted as the effect of sluggish earnings. Lotte Mart’s cumulative operating deficit over the past three years has reached 66 billion won. In the process of restructuring inefficient stores last year, 12 stores were closed, and in the second half of the year, unpaid leave was given to applicants. It is a position that additional stores with poor profits will be closed this year as well. According to the industry, in addition to Lotte Mart, Lotte Food, Lotte Hi-Mart, and Lotte Asahi Liquor are known to have implemented hopeful retirement. Reporter Sa Jiwon [email protected]Go to reporter page>