
Renault Samsung Motors Co. was unable to induce the targeted number of its employees to opt for early retirement program, corporate sources said Monday, which the company said is intended to restructure its workforce for better productivity. Insiders said only around 20 workers applied for the program as of Friday. The company received applications from March 10 and expected about 160 to apply. The "New Start" program was initiated after the carmaker, the local unit of French automaker Renault S.A., said it will hold off automatic promotion this year for people who have been on the job for more than 20 years and accept early retirement from among some 500 senior car assembly line workers.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
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