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Biz News Korea(Eng)
IBK to give 3,300 contract workers permanent position
- Collected
- 2018.01.03
- Distributed
- 2018.01.04
- Source
- Go Direct
IBK announced on Tuesday that it decided to put about 3,300 bank tellers, office clerks and call center operators currently under de facto unlimited-term contract on the permanent payroll. It plans to complete the conversion once it wraps up regular personnel reshuffle in the first half of this year. It has also been considering setting up a task force to give 2,000 temporary and outsourced workers permanent status, according to the bank.
IBK has about 3,300 employees on an unlimited contract out of its entire 12,631 workers working in 630 branches across the nation. A worker under an unlimited-term contract is guaranteed job security until retirement but cannot move to different positions. Once turned into regular workers, they could have wider job options in the bank.
The workers will receive the same salary as the bank’s fifth-level regular employees. The bank said it is difficult to estimate the increases in labor cost from the conversion as it has been handing out similar bonus and welfare benefits to workers on contract basis.
President Moon Jae-in during campaigning vowed to convert irregular workers in the public sector to permanent status. IBK’s move could likely stimulate similar moves in other public entities as well as burden the banking sector.
By Lee Seung-yoon and Choi Mira
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]