Korean Air, labor union agree to wage freeze, furlough amid pandemic
Dec 16, 2020
Korean Air Lines Co. and its labor union have agreed to freeze wages and put 70 percent of employees on furlough in the first half of 2021 to ride out the fallout of COVID-19, officials said Wednesday. About 70 percent of 12,600 employees at South Korea's largest air carrier have been taking unpaid leave since April as part of cost-cutting efforts to overcome the impact of the pandemic. In this year's negotiations, the management and the labor union agreed to freeze wages and maintain the furl