"Manager, Your Retirement Is Canceled"... LS Electric Rehires 33% of Retired Master Technicians

LS Electric Systematizes Reemployment Process with New Committee
Deploys Skilled Personnel to Domestic and Overseas Sites
Expands Recruitment through Open Hiring and Internship Programs

LS Electric continues to manage its technical workforce by reemploying about one-third of its retirees after the official retirement age.

On April 7, LS Electric announced that since 2010, it has been reemploying approximately one-third of its retirees every year. The policy aims to prevent the outflow of skilled employees with core technical and business experience and to maintain continuity in research and development, production, and sales by consistently implementing this personnel policy.

Last year, the company established a "Reemployment Committee After Retirement" to set selection criteria and operational procedures. In September of last year, labor and management at LS Electric agreed to entrust all wage and collective bargaining negotiations to the company and to establish the committee as part of efforts to strengthen their collaborative relationship for global business expansion.

LS Electric’s reemployment system for retirees has directly contributed to strengthening the company’s business and production competitiveness. The company explained that reemployed staff help shorten the job adaptation period and reduce trial and error during project execution by leveraging their accumulated experience.

LS Electric announced that it will actively expand reemployment after retirement. The photo shows LS Electric officials conducting a final inspection of the distribution panels at the Cheongju plant. Photo by LS Electric

These reemployed professionals also participate in overseas operations. LS Electric strategically dispatches reemployed personnel in sales, research and development, and production to overseas manufacturing bases such as MCM Engineering II, its North American distribution panel subsidiary, and the Bac Ninh plant in Vietnam, in order to transfer the parent company’s technology and operational know-how. This approach minimizes the initial stabilization period of new projects and helps rapidly enhance the competency of local employees.

LS Electric is also committed to expanding youth employment and recruiting from vulnerable employment groups in line with the government's job creation policies. The company has been expanding its hiring volume every year, maintaining an open recruitment system for new employees for the past 20 years, and operating internship programs for outstanding regional talent. In addition, LS Electric continues to hire from vulnerable groups, including artists with disabilities, discharged soldiers, and veterans.

An LS Electric official stated, "Reemployment after retirement is not simply a workforce management method, but a core strategy for securing solid technical competitiveness and business capabilities during the power infrastructure 'supercycle' phase. By preventing the loss of master technicians with accumulated skills and experience, we will secure a clear leadership position in the global power market."

This content was produced with the assistance of AI translation services.