Senior Executives including CEO of Asiana Airlines have offered to take a pay cut to help improve the company’s financial health.
Asiana CEO, Han said he would take a pay cut of 40 percent of his annual salary, while other executives volunteered to take 30 percent cut and division leaders 20 percent pay cut of their annual pay.
Asiana also said that some employees, specially working on China routes will be given 10 days of unpaid leave. Asiana Airlines has reduced 79 percent of its flights serving China routes and 25 percent of flights serving Southeast Asian countries.
South Korean carrier, faces financial crisis due to drastic decline in demand for air travel, first from last year’s diplomatic row between South Korea and Japan and then from this year’s coronavirus outbreak.