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Korean Air and Asiana Airlines planes are moored on the runway at Incheon International Airport Terminal 1. 2020.3.7 / News1 © News1 “Even if the name remains, would the company really disappear? It has been a rival to the two major airlines for decades and the situation is shameful. (20-year Asiana Airlines employee)
As the government and the Korean Development Bank go ahead with a plan to sell Asiana Airlines to Hanjin Group, anxiety among the employees of each airline is increasing. If the two companies merge, they are not expecting the birth of a large giant-class airline (FSC), but rather voices of concern about the crisis that will realistically be faced, such as the restructuring of the workforce.
According to industry sources, on the 16th, Hanjin Kal and Korean Air, the holding companies of Hanjin Group, held their respective board meetings this morning and decided to acquire Asiana Airlines. Korean Air plans to raise the amount of funds necessary to acquire Asiana Airlines with a paid raise of 2.5 trillion won early next year to 1.8 trillion won.
As the news is delivered, employees at both companies are voicing their concerns. This is because both airlines are facing serious financial difficulties as a result of the new coronavirus infection (Corona 19), so if a merger or acquisition is made immediately, the prospect that the adjustment of the workforce is inevitable. is dominant. An Asiana Airlines ground employee said: “Operation, cabin, maintenance, etc. are assigned according to the aircraft, so even if adjustments are made to the workmanship, there is a high possibility that this it happens later, but in the case of ground workers working together at the airport, there is a lot of anxiety. He said: “We hear that we will be the first brokers in the restructuring.” Asiana Airlines executives and employees have already been operating unpaid leave for at least 15 days for all employees along with the return of executive salaries for nearly eight months since April. The news of the inauguration, along with the resulting fatigue, is said to be increasing employee anxiety.
Another ground-level employee said: “At the time of the Hyundai HDC acquisition, we expected that the employees, not the airlines themselves, would remain in their positions, but this time it is different.”
There is also the possibility that most senior employees at the deputy general level or above may be replaced. When the acquisition becomes a reality, Hanjin Group can quickly dispatch Korean Air executives and staff members to reorganize Asiana Airlines organizations or transfer employees to related departments in similar circumstances.
In particular, employees are putting weight on this possibility, citing the precedent that Hyundai Motor executives moved into the labor department immediately after Kia Motors joined the Hyundai Motor Group in the past. An employee who has worked at Asiana Airlines for more than 20 years said: “It would be good for a company, but employees like us are a company that has dedicated their youth, so I am afraid to ask them out.
Korean Air employees are also anxious. A Korean Air flight attendant said: “If Asiana Airlines’ financial situation reaches a disorganized state, it’s like a big drop. said.
There are also concerns about the coordination of the workforce. Another flight attendant said: “The press expects the birth of a mega airline, but Asiana Airlines has many outdated and overlapping routes, so there is no real benefit.” “Even if Asiana Airlines reduces the workforce, the atmosphere prevails that the adjustment of the workforce will be inevitable.”
Meanwhile, the six unions of Korean Air and Asiana Airlines are holding an emergency meeting at the Korea Civil Aviation Pilots Association in Gangseo-gu, Seoul, this morning to prepare countermeasures. The unions of the two companies plan to form a “council of workers and employers” through this meeting and share the issues discussed and the expected problems with the management and the government.
(Seoul = News 1)
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