K Telco, due to the extension of the retirement age of '65 years old.'

The entire industry is seeking to extend the retirement age, which is limited to 60 years old. The mobile telecommunications industry, which is in the midst of restructuring its manpower, is also in a "cautious mode" over whether to implement it or not.Citizens walk in front of a mobile phone sales agency in Seoul on Sept. 6. / News 1According to related industries on the 30th, the Economic, Social and Labor Committee, a social dialogue organization, is expected to reach a labor-management agreement on the issue of continuing employment of the elderly, including the extension of the retirement age, by the first quarter of next year.The government has already begun a full-fledged move to extend the retirement age. Recently, the Ministry of Public Administration and Security and the Daegu Metropolitan Government decided to gradually extend the retirement age of public officials until the age of 65 after labor-management consultations.The industry, which inherits and implements government policies, has no choice but to keep a close eye on the current situation. This is especially true of the telecommunications industry, which has lost its strength in the currently saturated "communications" sector and has entered a tightening budget.Reducing the workforce and extending the retirement age are inseparable. KT recently announced a large-scale reorganization plan, and decided to guarantee the employment of commissioned employees who have agreed to move out of subsidiaries for three years even after the retirement age. A commissioned job refers to a case in which a contractual relationship usually continues when an employer re-employs a worker who has reached the previous year.Extending the retirement age is a constant issue in the telecommunications industry. LG U+'s second union recently demanded that the company extend its retirement age to 65. SK Telecom's production union of SK Hynix, a subsidiary of SK Group, requested that the company extend its retirement age to 65.It is a burden to the company in that the extension of the retirement age will soon lead to costs. "We are not preparing for an extension of the retirement age right now, but if the retirement age of employees who receive high annual salary is extended due to their seniority, it will be a burden to the company," a telecommunications industry source said. "The current wage peak system could be extended further considering labor costs and other factors."The wage peak system guarantees employment instead of reducing wages when workers reach a certain age. When a worker turns 58 or 59 years old, the company pays about 80 to 90 percent of its standard annual salary and guarantees retirement age, and all three mobile carriers operate it.Kim Kwangyeon [email protected]

The entire industry is seeking to extend the retirement age, which is limited to 60 years old. The mobile telecommunications industry, which is in the midst of restructuring its manpower, is also in a "cautious mode" over whether to implement it or not. According to related industries on the 30th, the Economic, Social and Labor Committee, a social dialogue organization, is expected to reach a labor-management agreement on the issue of continuing employment of the elderly, including the extension of the retirement age, by the first quarter of next year.

The government has already begun a full-fledged move to extend the retirement age. Recently, the Ministry of Public Administration and Security and the Daegu Metropolitan Government decided to gradually extend the retirement age of public officials until the age of 65 after labor-management consultations. The industry, which inherits and implements government policies, has no choice but to keep a close eye on the current situation.

This is especially true of the telecommunications industry, which has lost its strength in the currently saturated "communications" sector and has entered a tightening budget. Reducing the workforce and extending the retirement age are inseparable. KT recently announced a large-scale reorganization plan, and decided to guarantee the employment of commissioned employees who have agreed to move out of subsidiaries for three years even after the retirement age.

A commissioned job refers to a case in which a contractual relationship usually continues when an employer re-employs a worker who has reached the previous year. Extending the retirement age is a constant issue in the telecommunications industry. LG U+'s second union recently demanded that the company extend its retirement age to 65.

SK Telecom's production union of SK Hynix, a subsidiary of SK Group, requested that the company extend its retirement age to 65. It is a burden to the company in that the extension of the retirement age will soon lead to costs. "We are not preparing for an extension of the retirement age right now, but if the retirement age of employees who receive high annual salary is extended due to their seniority, it will be a burden to the company," a telecommunications industry source said.

"The current wage peak system could be extended further considering labor costs and other factors." The wage peak system guarantees employment instead of reducing wages when workers reach a certain age. When a worker turns 58 or 59 years old, the company pays about 80 to 90 percent of its standard annual salary and guarantees retirement age, and all three mobile carriers operate it.

Kim Kwangyeon [email protected].