Asiana executives and employees are ‘shocked’ by the news that they will be sold to Korean Air …

Entry 2020.11.13 18:43

“I am very anxious. The organization of the airline is the same, but if Korean Air takes over, it will reduce the workforce.”

The government and the Korean Development Bank Asiana Airlines (020560)from Korean Air (003490)Asiana Airlines employees panic when the news is published that a sale plan is published to (Hanjin Group). This is because, in the wake of the new coronavirus infection (Corona 19), both airlines are in serious financial difficulties, and if the merger and acquisition are carried out immediately, there is a possibility that the adjustment from the hand of work is inevitable.

An Asiana Airlines employee who requested anonymity on the 13th said: “If the merger becomes a reality, the overlapping routes will be resolved and eventually the cabin (cabin) staff number will be resolved,” he said. “I am opposed to the acquisition of Korean Air.”

Ground personnel said: “I was preparing for a long time to join Asiana Airlines, but did not know that I would become an employee of a subsidiary of Hanjin Group overnight. I hope the acquisition is not true.” Some of the employees are preparing to change jobs, but it is not easy because the airline industry is difficult.

The possibility was also raised that the majority of Asiana Airlines executives and employees at the deputy general level and above could be replaced. In a situation where the organization of the airline is almost similar, and the acquisition becomes a reality, Hanjin Group can promote the level of deputy general manager or higher of each Korean Air department to be transferred or sent to a Similar department of Asiana Airlines in order to quickly take over the organization of Asiana. There is. In fact, immediately after Kia Motors joined the Hyundai Motor Group in 1999, there is a precedent that Hyundai Motor executives constantly moved into the labor department. A deputy CEO of Asiana Airlines said: “It is true that I am eager to be asked to leave the company after taking office.

In the aviation industry, the organizational structure of airlines is almost the same, so some adjustments in the workforce after inter-airline mergers and acquisitions are expected to be an inevitable procedure. In PMI’s work after mergers and acquisitions, retirements or layoffs may occur as part of the “Workforce and Management Efficiency Improvement Plan.”

Hwang Yong-sik, professor of business administration at Sejong University, said: “In the case of the IMF (International Monetary Fund) financial crisis in 1998, there were massive layoffs and downsizing in financial companies that had been made “. “He said.

Meanwhile, Korean Air, which is mentioned as a candidate for the acquisition, also expressed concern from within. A Korean Air employee said: “I suppose it will be at least one or two years before we return to the pre-Corona 19 level. The situation is not good for our company, but I don’t know if it will be more difficult if Asiana Airlines is also acquired.” . He said: “I don’t know why the government is pushing for mergers and acquisitions between companies at this time when Corona 19 has not been resolved. Is it not possible to create new jobs and even allow employees with this to leave?”

Professor Hwang Yong-sik said: “In accordance with the government’s labor policy, the Korean Development Bank, which is promoting the acquisition, should provide security measures to prevent mass layoffs,” said Professor Hwang. “The Fair Trade Commission also made a recommendation to minimize the reduction of labor in the corporate defect detection process. I can get off.”