[Asia Economy Reporter Cha Min-young] Hanwha Hotels & Resorts announced on the 30th that it will implement paid leave for employees starting from the 1st of next month. This measure was prepared as a self-help plan due to the sharp decrease in visitors caused by the spread of COVID-19, which has led to difficulties in operations such as the closure of some lodging, food and beverage, and viewing facilities.
The company will implement one month of paid leave for employees who wish to participate, excluding the minimum required workforce, and has not discussed reducing employee welfare.
Employees on leave will receive 70% of their average wage during the period. By guaranteeing the average wage instead of the ordinary wage, the company plans to maximize employees' income preservation. In March, Hanwha Hotels & Resorts overcame the management crisis caused by the COVID-19 situation by reducing executives' base salaries by 20%, having general managers, team leaders, and other leaders return their position allowances for three months, and encouraging employees to use their annual leave voluntarily.
A Hanwha Hotels & Resorts official stated, “Although the company is going through a difficult management period, we have implemented the paid leave system to minimize disadvantages to employees,” and added, “Executives and employees are united to overcome the current crisis.”
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