Korea Aerospace Industries (KAI) is moving its headquarters from the capital Seoul as part of a cost-cutting drive that will include a corporate restructuring and job cuts.
KAI says 105 of its 120 headquarters employees will transfer at the end of next month from Seoul to its aircraft-manufacturing complex in Sacheon in southern South Korea. In late February, new KAI chief executive Chung Hae Joo is also expected to decide how many of the nearly 3,000 positions based at Sacheon and a smaller factory in Changwon are to be eliminated as part of the restructuring.
KAI has already begun reorganising its business units, with management of the KT-1 primary trainer and T-50 advanced trainer programmes consolidated into a single team. KAI will continue to manufacture KT-1s and T-50s from separate assembly plants located on opposite sides of the Sacheon airport.
BRENDAN SOBIE / SINGAPORE
Source: Flight International
