Seven-Eleven Implements Voluntary Retirement for Second Year..."Workforce Structure Balance Needed"

Applications Open Until the 27th for Employees and Managerial Staff

Seven-Eleven, the convenience store chain under Lotte Group, will implement a voluntary retirement program for the second consecutive year.

According to Korea Seven, the operator of Seven-Eleven, the company announced on its internal bulletin board on the morning of the 14th that it will carry out voluntary retirement.

The program is open to employees who have served eight years or more in their current position and managerial staff who have served ten years or more in their current rank. Applications will be accepted until the 27th.

On the 28th, citizens lined up at the Seven Eleven Challenge Store in Songpa-gu, Seoul, to taste "Tokushima Ramen," launched by Eastar Jet in collaboration with Seven Eleven and Harim. This ramen, released to promote Eastar Jet's route to Tokushima, Japan, has been available for purchase at Seven Eleven stores nationwide since the 28th, and from June, it will also be available on Eastar Jet flights. May 28, 2025. Photo by Kang Jinhyung

Employees who opt for voluntary retirement will receive 20 months of base salary, while managerial staff will receive 24 months of base salary. In addition, all eligible retirees will be provided with a 10 million won job search support payment, and those with college-aged children can receive up to 10 million won in tuition support for up to two children.

Seven-Eleven implemented voluntary retirement for the first time since its establishment in 1988 in October last year. The company is also reducing the number of stores. By closing underperforming locations and focusing on stores in prime areas, Seven-Eleven reduced its store count from 13,130 in 2023 to 12,152 last year, a decrease of about 1,000 stores.

A Seven-Eleven official explained, "Along with building a performance-oriented organizational culture and system innovation, it is necessary to balance the overall business scale and workforce structure. Structural improvements are still underway as part of intensive efforts to enhance management efficiency, which are already resulting in improved performance."

This content was produced with the assistance of AI translation services.