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What are the compensation measures for the total salary reduction of Japan's largest airlines?

On the 14th, Japanese media reported that Japan's largest airline, All Nippon Airways, planned to implement a salary cut and allow all employees to engage in sideline business. The specific contents include: canceling the year-end bonus, starting from January next year at the latest, reducing the basic salary and subsidies by 5%-15%, and increasing the proportion of employees who bear social security. At the same time, all employees are allowed to develop sideline business and even sign employment contracts with many enterprises.

According to the news, ANA raised the severance payment for about 15, employees, and recruited voluntary resignees from 14th of this month. For cabin attendants over 3 years old and ground crew over 4 years old, support will be provided for their re-employment.

there is no target for the number of recruits. The plan also proposes a support system for employees aged 35 to 49 to reserve the possibility of returning to work and re-employment in the future. The recruitment period is until December 18th, and the scheduled departure date is the end of March 221.

Extended information:

Five major banks in Japan agreed to raise 4 billion yen from ANA to help it tide over the difficulties

According to a report by Japan's Kyodo News Agency, on the 14th, four major banks, including sumitomo mitsui banking corporation, Japan and the Japanese policy investment bank owned by the government decided to raise 4 billion yen from ANA Holding Company.

affected by the COVID-19 epidemic, the market demand of Japanese aviation industry is likely to remain sluggish. In order to cope with the long-term impact of the epidemic, Japanese government and civilian financial institutions will join hands to support the operation of ANA.

sumitomo mitsui banking corporation, the leading bank, and Policy Investment Bank respectively lent 13 billion yen to ANA, 6 billion yen to Mizuho Bank, 5 billion yen to Mitsubishi UFJ Bank and 3 billion yen to Sumitomo Mitsui Trust Bank.

It is reported that five banks will sign contracts with ANA within this month.

Fuzhou News Network-Japan's largest airline has reduced its salary and allowed all its employees to engage in sideline business.