SK On implements voluntary workforce reduction to adapt to EV sales slowdown and ongoing losses.

SK On Co., a South Korean battery manufacturer, is implementing voluntary workforce reduction measures due to a slowdown in electric vehicle (EV) sales. Targeting employees hired before November 2023, the company aims to create a more efficient workforce amid ongoing operating losses since 2021. SK On plans to offer special leave and retirement incentives, focusing on employee support while adapting to competitive market conditions.

6 months ago
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