Zero revenue for 6 consecutive months,South Korea’s Eastar 188bet mobile decided to lay off more than 600 employees

Big Traffic Author of this article: CCTV Finance 2020-09-10
The number of layoffs accounts for more than half of the total number of existing employees.

According to a person in the Korean aviation industry on September 10,South Korean low-cost airline "Easel Air" decided to lay off more than 600 employees,The number of layoffs accounts for more than half of the total number of existing employees.

News from the Korean aviation industry,Easyda 188bet mobile has confirmed a layoff list of more than 600 people,And notify those who were laid off one by one on the afternoon of the 7th,These employees will complete the resignation process in October this year。Esta Air said,The company has lost the ability to pay wages,This is the only decision we can make,Only more than 500 people responsible for the operation of 6 aircraft and flight scheduling are retained。Laid off employees will receive unemployment benefits and a portion of their back wages paid by the Korean government。

Due to poor management,After the outbreak in South Korea at the beginning of this year,Easyda 188bet mobile became the first Korean airline to announce the complete suspension of domestic and international routes。Due to total suspension of sailings,Starting from March this year,Eastar 188bet mobile has had zero revenue for 6 consecutive months,All company personnel, including the chairman, have not received wages for a long time。Easyda 188bet mobile currently owes a total of 30 billion won in employee wages,Approximately 1.7.2 billion yuan,There are approximately 46 million yuan in flight cancellation refunds that have not been paid to passengers。

Passenger revenue has dropped significantly this year and fixed expenses such as aircraft rentals have remained high,Putting Korean low-cost 188bet mobile in collective trouble。Latest statistics display,The average debt ratio of Korean low-cost 188bet mobile in the first half of this year was as high as 979%。

In order to ensure cash flow,With the exception of Eastar 188bet mobile, various Korean low-cost 188bet mobile are competing to expand domestic routes,Even the unpopular cities in South Korea that were not optimistic before,Unscheduled flights have also been arranged。On the other hand, they have applied to return to China and other international routes,Although most low-cost 188bet mobile currently have only one flight to China per week,But it is often fully booked,Recovery is going well。However,Some people in the industry are also worried,If the epidemic continues until next year,It is obviously unsustainable to rely solely on passenger transport business。In the future, more adjustments to the human resources structure within low-cost 188bet mobile and even a large-scale restructuring of the Korean aviation industry may be inevitable。

*Source of this article:CCTV Finance, original title:《Zero revenue for 6 consecutive months,South Korea’s Eastar 188bet mobile decided to lay off more than 600 employees》.



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