Maeil Dairies Implements Voluntary Retirement for Employees Aged 50 and Above

First Time in 3 Years Since 2020
Applications Accepted Until August 16
Compensation Up to 18 Months of Ordinary Wages Planned

Maeil Dairies is implementing a voluntary retirement program for employees aged 50 and above.

Maeil Dairies CI

According to the dairy industry on the 7th, Maeil Dairies is accepting applications for voluntary retirement from employees in this age group until the 16th. Those eligible for voluntary retirement will receive a consolation payment of up to 18 months' ordinary wages, depending on their length of service.

This is the first time in three years since 2020 that Maeil Dairies has implemented a voluntary retirement program. The move is known to be a response to the deteriorating business environment. While demand for dairy products such as white milk continues to decline, the burden on companies has increased due to rising costs of raw milk, energy, and labor.

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