Big Businesses Lay off 12,000 Workers in Epidemic

  • By Shin Eun-jin

    July 30, 2020 11:29

    More than 10,000 workers were laid off by big businesses over the last five months amid the coronavirus epidemic.

    According to market researcher CEO Score on Wednesday, 11,880 workers were laid off by 498 companies between February and June, which contrasts starkly with an increase of 3,747 new hires during the same period last year.

    The retail industry was hit particularly hard and laid off 2,519 workers. Next came construction and building materials with 1,947, food and drink with 1,729, public corporations with 1,701, and household goods with 1,486.

    Multiplex chain CJ CGV was the single most brutal employer and laid off 2,508 people. In March, the chain offered its employees an early retirement package for the first time since its founding.

    Yet some companies that thrived in lockdown hired more employees. Korea's biggest e-commerce company Coupang alone hired 3,521 new delivery workers to meet the increasing demand. Their number has jumped from some 5,000 in late 2019 to more than 10,000 currently.

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