Asiana Declares Emergency Management... All Executives Submit Resignations, All Employees Take 10 Days Unpaid Leave

[Image source=Yonhap News]

[Asia Economy Reporter Yu Je-hoon] Asiana Airlines has declared a 'crisis management system.' All executives have submitted collective resignations and agreed to return 30% of their salaries, while all employees will undergo 10 days of unpaid leave.

On the 19th, Han Chang-soo, President of Asiana Airlines, stated in a message to employees, "Our company is facing the risk of recording massive operating losses due to COVID-19, and it is urgent to establish and implement company-wide measures to overcome this crisis."

First, all executives, including President Han, decided to submit collective resignations to demonstrate their determination to overcome the crisis both internally and externally. Additionally, the president will return 40%, executives 30%, and department heads 20% of their salaries.

All employees, including general staff, flight crew, cabin crew, and maintenance staff, will also take 10 days of unpaid leave. This measure aims to minimize idle personnel following reductions of approximately 79% on China routes and about 25% on Southeast Asia routes due to COVID-19.

To reduce costs, Asiana Airlines recently canceled its 32nd anniversary ceremony and suspended employee awards for the founding anniversary, along with canceling or downsizing various internal and external events.

President Han said, "These measures will continue until the impact of COVID-19 ends," adding, "The management will take the lead to ensure our efforts to overcome the current crisis bear fruit. We ask for the full understanding and participation of all employees."

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