Korean Air Chairman Promises Zero Job Cuts in Asiana Acquisition

MIAMI – Korean Air Lines (KE) will continue the deal to buy its smaller local competitor Asiana Airlines (OZ) without job cuts, the chairman of the group said Wednesday.

“The company made a decision to acquire (Asiana Airlines) to make a contribution to the development of the country’s airline industry,” Korean Air Chairman Cho Won-tae told reporters after attending a South Korea-U.S. business leaders’ meeting in Seoul.

The Chairman added that while there were redundant routes and staff for both carriers, if an integrated company extended routes and diversified industry, it was possible to use all the routes and staff.

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Source:: “Airways Magazine”

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