South Korea’s flag carrier Korean Air has instructed more than 70% of its employees to take paid leave, at a reduced rate, for six months from April 16 until October 15.
It’s an attempt to overcome the worsening business environment caused by the outbreak of the coronavirus, according to a company statement.
Korean Air said that the leave would apply to employees working in South Korea and cover most workers except a very few considered “essential.”
The Korean Air labor union agreed to join the burden-sharing effort so the company can resume normal business management as soon as possible.
The company’s executives had already decided to take pay cuts of 30% to 50% starting from April until business returns to normal.