By Kim Tae-jong
Renault Samsung Motors (RSM) will restructure its workforce through a voluntary retirement program in an effort to cope with prolonged sluggish sales at home and abroad.
The automaker said Friday that it will accept applications from employees for the voluntary retirement program from Aug. 13 to Sept. 7. This is the first restructuring since France’s Renault acquired Korean carmaker Samsung Motors in 2000.
“Amid declining sales, we tried to cut operating costs,” an official from RSM said. “And we concluded that the voluntary retirement program is an inevitable step to be competitive in the market and revive sales.”
Employees in most sectors are subject to the restructuring from research and development and design to manufacturing and management.