Korean budget carrier Eastar Jet to lay off 750 employees
Eastar Jet plans to lay off 750 employees due to financial difficulties from the COVID-19 pandemic. According to industry sources Thursday, the company plans to lay off 45 percent of its 1,680 workers ― to 930 ― to keep the business afloat amid the crisis. The company is also in talks to reduce its fleet by 10 planes to 13. "The plan has not been finalized," a company official said. "We are still in talks over the size of layoffs and severance pay." Last month, Eastar Jet decided to suspend all domestic and international flights to minimize operating losses.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-04-03/unaligned/korean-budget-carrier-eastar-jet-to-lay-off-750-employees
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Korean budget carrier Eastar Jet to lay off 750 employees
Eastar Jet plans to lay off 750 employees due to financial difficulties from the COVID-19 pandemic. According to industry sources Thursday, the company plans to lay off 45 percent of its 1,680 workers ― to 930 ― to keep the business afloat amid the crisis. The company is also in talks to reduce its fleet by 10 planes to 13. "The plan has not been finalized," a company official said. "We are still in talks over the size of layoffs and severance pay." Last month, Eastar Jet decided to suspend all domestic and international flights to minimize operating losses.<br/>
