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.

September 26, 2024
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