Korean Air Reaches Tentative Agreement on Wage Bargaining
NSP NEWS, By Hyun-jin Kim and Bok-hyun Lee
ENX7, Read 0(Seoul=NSP NEWS AGENCY) = Korean Air reached a tentative agreement with its pilot union on 2023 pilot wages on 25 September afternoon.
The two parties agreed on ▲ increasing total wages by 3.5% (up 3.5% for base salary and flying allowance, respectively), ▲ expanding the limits of performance-based incentives from 300% to 500%, and ▲ introducing a flexible benefits plan.
Also included were a raise in miscellaneous costs and a “live out allowance,” and a criteria adjustment for quick-turn allowance. The agreement is to be finalized after the vote by union members.
The two parties agreed on ▲ increasing total wages by 3.5% (up 3.5% for base salary and flying allowance, respectively), ▲ expanding the limits of performance-based incentives from 300% to 500%, and ▲ introducing a flexible benefits plan.
Also included were a raise in miscellaneous costs and a “live out allowance,” and a criteria adjustment for quick-turn allowance. The agreement is to be finalized after the vote by union members.
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