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LOTTE
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Lotte emphasized that the rumor of layoffs of more than 50% of all employees makes no more sense.
Lotte Group has a total of 156,000 employees, including 110,000 domestically and 46,000 overseas.
A Lotte official asked, “Does that mean 78,000 people will be laid off, which is half of the total number of employees?”
Lotte Group operated Lotte Chemical and duty-free shops under an emergency management system this year and received voluntary retirement from some affiliates in order to improve manpower efficiency, but it drew the line that large-scale job cuts were unfounded.
Article main content
Lotte crisis is exaggerated
But it’s mostly true
1. Assets need to be sold to make money, so I am working hard to sell them.
2. Restructuring.
3. Acquired companies are at a loss
4. Home shopping distribution online and offline (Coupang/Shinsegae pushed out)
5. Traditional cash cow, oil deficit, purchased secondary batteries are immediately in deficit.
Would you invest now?
Lotte emphasizes how much real estate assets it has…
No, you have to sell it to make money.
https://n.news.naver.com/mnews/article/001/0015063332?sid=101