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Lotte Wellfood Co. launches a new voluntary retirement program targeting senior employees, offering enhanced severance and support, as part of its drive to streamline operations and boost future competitiveness.

South Korea’s Supreme Court ruled that Samsung Electronics must include target incentives as wages in severance pay, while performance incentives remain excluded, setting a precedent for corporate compensation practices.
Seven-Eleven, operated by Korea Seven Co., has reopened its voluntary retirement program after a year to streamline operations, offering up to 24 months’ salary and additional benefits as part of ongoing management restructuring.
New York Times: Elon Musk’s X Agrees to Settlements With Thousands of Former Employees. This link goes to a gift article. “Elon Musk’s social media service, X, moved this week to settle thousands of cases brought by former employees who sued after the company dismissed them during his 2022 takeover. The settlements are an about-face for the billionaire, whose company fought with former […]
Former SK Hynix Vice Chairman Park Jung-ho received 17.5 billion won in compensation last year, including 13.9 billion won in severance pay, highlighting significant executive payouts amid industry challenges.
"Elon Musk loses legal fight with ex-Twitter employee, memo reveals"
https://fortune.com/2024/09/23/elon-musk-loses-legal-fight-twitter-x/
24.9.2024
#employee #lawsuit #Musk #SeverancePay #SocialMedia #Twitter #X
how to get #severancepay when you’re #fired or #laidoff