The fresh food dawn delivery specialist OA is facing heightened internal conflict as it initiates job transitions and voluntary retirement in anticipation of acquiring the online shopping mall TMON, which is undergoing corporate rehabilitation proceedings.
According to the industry on the 15th, OA announced last month that it would implement proactive voluntary retirement for TMON employees and convert all non-sales staff to sales positions. As of the end of last month, about 50 out of the 140 remaining employees at TMON were reported to have applied for voluntary retirement.
Some employees who have applied for voluntary retirement and have already left the organization claim that OA has violated its promise of job security as a condition of the acquisition and has effectively begun restructuring its workforce. However, OA emphasized that there has been no artificial workforce optimization and that it is committed to quick sales normalization.
Earlier, OA signed a conditional investment contract for the acquisition of TMON in March, and in April was selected as the final acquirer by the Seoul Bankruptcy Court. The acquisition involves an investment of 11.6 billion won and additional operating funds of 6.5 billion won, with a condition to guarantee employment for TMON employees for five years.
TMON is set to hold a creditor's meeting at the Seoul Bankruptcy Court on the 20th to review and resolve the rehabilitation plan submitted to the court last month. If the rehabilitation plan is approved, OA's acquisition of TMON will be finalized.