Gov't to allow corporate wage freeze for senior workers
发布时间:2024-09-22 18:12:39 作者:玩站小弟 我要评论
The government said Tuesday it will introduce measures to allow companies to reduce or freeze wages
。
The government said Tuesday it will introduce measures to allow companies to reduce or freeze wages for senior employees to help revive the stagnant economy and boost youth employment.
The ruling Saenuri Party and the government decided to push for the "pay peak" system under which companies are permitted to freeze or slash wages for employees nearing the retirement age, without consent from their employees, party officials said after a policy coordination meeting with the Ministry of Employment and Labor.
The decision was reached upon the notion that the flexible employment system could lessen labor costs ahead of increasing the retirement age to 60 next year, as well as help create more jobs for young job seekers.
Currently, companies are required to win consent from the labor union to introduce the pay peak system.
"The party shares the Labor Ministry's principle to adopt the pay peak system to resolve the youth employment shortage," Rep. Kwon Seong-dong of Saenuri Party told reporters after the meeting.
Still companies are required to slash wages by levels similar to those by firms that have already introduced the rule through consultation with the labor union, the lawmaker noted.
The government move to draw up relaxed labor guidelines came in line with the revision in 2013 of the aged employment promotion law, which officially lengthened the official retirement age to 60.
During the government-party meeting, Labor Minister Lee Ki-kweon also called for parliamentary cooperation in legislation regarding the labor issues of how to define regular pay, as well as reducing work hours.
Lee called for legislative efforts for these issues during the upcoming National Assembly session as early as June.
The new guidelines are expected to face resistance from the labor sector, which has claimed that the introduction of the pay peak system will only eat into workers' wages as few employees stay on until 60. (Yonhap)
The ruling Saenuri Party and the government decided to push for the "pay peak" system under which companies are permitted to freeze or slash wages for employees nearing the retirement age, without consent from their employees, party officials said after a policy coordination meeting with the Ministry of Employment and Labor.
The decision was reached upon the notion that the flexible employment system could lessen labor costs ahead of increasing the retirement age to 60 next year, as well as help create more jobs for young job seekers.
Currently, companies are required to win consent from the labor union to introduce the pay peak system.
"The party shares the Labor Ministry's principle to adopt the pay peak system to resolve the youth employment shortage," Rep. Kwon Seong-dong of Saenuri Party told reporters after the meeting.
Still companies are required to slash wages by levels similar to those by firms that have already introduced the rule through consultation with the labor union, the lawmaker noted.
The government move to draw up relaxed labor guidelines came in line with the revision in 2013 of the aged employment promotion law, which officially lengthened the official retirement age to 60.
During the government-party meeting, Labor Minister Lee Ki-kweon also called for parliamentary cooperation in legislation regarding the labor issues of how to define regular pay, as well as reducing work hours.
Lee called for legislative efforts for these issues during the upcoming National Assembly session as early as June.
The new guidelines are expected to face resistance from the labor sector, which has claimed that the introduction of the pay peak system will only eat into workers' wages as few employees stay on until 60. (Yonhap)
相关文章
11 Telescopes Exploring The Magic of Space
Perhaps no invention has broadened our understanding of the universe more than the telescope. The ve2024-09-22Tom Brady has some very harsh words for strawberries
You, and all socially aware people, are probably familiar with what Tom Brady and Gisele Bündch2024-09-22U.S. official due in Seoul over missile defense
A senior U.S. official will visit South Korea next week for talks on missile defense and other secur2024-09-22- South Korea on Tuesday offered to cut its carbon dioxide emissions by 37 percent from the expected b2024-09-22
9 Planetariums to Get Lost in the Cosmos
The constellations, planets, and moons that make up the night sky feel far from human reach—because2024-09-22Apple Watch Series 2 review: Less silly, more usable
Yes, Apple does know what time it is. It's time to get serious about smartwatches.Life is pretty goo2024-09-22
最新评论