VOL NO REGD NO DA 1589

Friday, December 09, 2005

HEADLINE

POLITICS & POLICIES

METRO & COUNTRY

VIEWS & REVIEWS

EDITORIAL

LETTER TO EDITOR

COMPANY & FINANCE

BUSINESS & FINANCE

TRADE/ECONOMY

LEISURE & ENTERTAINMENT

MARKET & COMMODITIES

SPORTS

WORLD

 

FE Specials

FE Education

Urban Property

Monthly Roundup

Saturday Feature

Asia/South Asia

 

Feature

13th SAARC SUMMIT DHAKA-2005

WOMEN & ECONOMY

57th Republic Day of India

US TRADE SHOW

 

 

 

Archive

Site Search

 

HOME

BUSINESS & FINANCE
 
Pilots' strike cripples Korean Air
12/9/2005
 

          SEOUL, Dec 8 (AFP): A strike by pilots crippled Korean Air Thursday, forcing South Korea's biggest airline to cancel more than half its scheduled flights.
Hundreds of pilots walked out in response to the collapse of negotiations over wages early Thursday, the company said.
"There is no sign of reaching a deal. Both sides are running on parallel tracks," Korean Air spokesman Cho Hyong-Chol told the news agency.
The industrial action forced Korean Air to cancel 204 of 387 flights scheduled for Thursday alone. Flights for Friday were also cancelled, the company said.
It said 30 of 154 international passenger flights and 24 of 31 international cargo flights scheduled for Thursday had been cancelled.
The strike is expected to affect 44,000 passengers and the shipment of 3,500 tons of cargo per day, the company said.
Despite the losses, the pilots' union remained adamant.
"We will not ease our struggle until the management comes up with a reasonable proposal. The responsibility for the strike's consequences rests with the management," the union said in a statement.
The pilots are demanding a 6.5 per cent pay raise plus a 50 per cent bonus raise while the company is sticking to a government-brokered proposal for a 2.5 per cent wage increase plus the 50 per cent bonus rise.
Korean Air has 1,980 pilots, with some 1,300 of them unionised. Over 500 unionised pilots staged a rally at a training center near Incheon International Airport, west of Seoul, Thursday.

 

 
  More Headline
Top developing counrtries seen key to WTO deal next week
Pilots' strike cripples Korean Air
ASEAN trade talks with E Asian partners hit snag over rice
Dhaka Mercantile Co-operative Bank holds managers' conference
Sri Lanka wins first international credit rating
WB lauds China for changes in company law
France aims at 'overall pact' on reduced VAT in EU
Pioneer to cut 600 more jobs
EDF to cut 6,000 jobs, invest $40b
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com