Major Korean Banks Begin Layoffs

kpride, Nov. 20, 2014, 9:21 a.m.

Major banks are planning to lay off staff early next year.  Industry insiders say KB Kookmin Bank will soon offer voluntary retirement packages to its employees. Woori Bank also mulls similar measures.  As banks have seen their profits tumble recently, they are more likely to reduce the number of new hires.

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