workforce reduction Archives

Eastar to Cut Half of Employees for New Deal

SEOUL, Sept. 7 (Korea Bizwire) — Embattled Eastar Jet Co. said Monday it will reduce its workforce by more than half as part of efforts to find a new investor after Jeju Air Co. scrapped its plan to acquire the smaller budget carrier amid the coronavirus pandemic. Eastar plans to lay off 605 of its [...]

Eastar Jet to Cut 20 pct of Workforce on Virus Impact

SEOUL, April 6 (Korea Bizwire) — Eastar Jet Co., a South Korean low-cost carrier, said Monday it will cut one-fifth of its workforce as it strives to stay afloat amid the growing impact of the coronavirus on the airline industry, but the proposed layoffs are smaller than originally thought. The planned job cut at Eastar [...]