self-rescue plans Archives

Asiana Unveils Additional Self-help Plans amid Virus Woes

SEOUL, March 24 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest airline, on Tuesday unveiled additional self-rescue measures as the spreading coronavirus outbreak wreaks havoc on its business. Asiana Airlines has already suspended most of its flights on international routes as an increasing number of countries close their borders or impose stricter entry restrictions [...]

SsangYong Motor Workers OK Self-rescue Measures amid Sales Slump

SEOUL, Dec. 19 (Korea Bizwire) — Workers at SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., Thursday accepted a cut in bonuses and other cost-saving measures proposed by the company amid declining sales. SsangYong Motor workers have agreed to the company’s proposals that require them to return some of [...]