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Janssen Korea’s labor union can’t agree to VSP
by Eui Kyoung Yoon (ekyeun@dreamdrug.com)
Published : Dec 9, 2014 15:08:57
Janssen Korea’s labor union said that it would not accept its early retirement plan, so-called VSP (volunteer separate program) if the employer doesn’t try to reach an agreement with its employees.

The details of VSP haven’t been announced yet, but it is known that the company wants to cut 50 out of 450 employees.

The labor union has doubts about why downsizing is required at this point. An official of the labor union said, “When we looked at our business performance and internal data, we can’t understand why downsizing is needed.”

The latest decision was made by McKinsey & Company’s report. A outsider’s report usually causes a conflict and brings an objection.

The labor union official said, “ The previous severance package was the worst among multinational pharmaceutical companies. If downsizing has to be done, the compensation should be appropriate.”

An official of Janssen Korea said, “We are still discussing how to strengthen our competitiveness and efficiency. But nothing haven’t been decided.”
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