Asiana's 3rd Self-Restructuring Plan... Minimum 15 Days Unpaid Leave for All Employees by April

Executive Salary Return Expanded from 50% to 60%

[Image source=Yonhap News]

[Asia Economy Reporter Yu Je-hoon] Asiana Airlines will implement additional self-help measures, including at least 15 days of unpaid leave for all employees in April. Due to the novel coronavirus infection (COVID-19), passenger aircraft supply has decreased by 85%, prompting downsizing for survival.

Asiana Airlines announced on the 24th that it plans to implement the third self-help plan with these key points next month. Accordingly, executives will first return 60% of their salaries, which is 10% more than the previous month.

In addition, all employees will enter at least 15 days of unpaid leave next month. This is a stronger measure than last month, when unpaid leave of at least 10 days was implemented. The scope of leave has also been expanded to include team leaders. Furthermore, flight crew members of the large aircraft A380 (6 units), whose operations have been suspended since the 16th, will enter paid leave as part of employment retention measures.

Regarding this self-help plan, Asiana Airlines explained, "Due to COVID-19, international passenger routes have been reduced by about 85% (based on available seats), and the reservation rate for April has decreased by 90% compared to the previous year," adding, "With more than 70% of idle personnel occurring, we have been forced to take the extraordinary measure of expanding unpaid leave for all employees."

Industry analysts suggest that such emergency measures may continue beyond April, as COVID-19 is spreading worldwide, including the Americas and Europe. An Asiana Airlines official stated, "At present, it is uncertain how long the emergency management system to overcome the crisis will continue."

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