Malaysia Airlines to slash 6,000 jobs

Malaysia Airlines will cut it workforce by 6,000 as part of its restructuring.

31st Aug 2014


Malaysia Airlines to slash 6,000 jobs

Malaysia Airlines will cut it workforce by 6,000 as part of its restructuring. This is more than expected – most estimates had been in the 3,000 to 5,000 range.
This will amount to 30 percent of the carrier’s workforce and forms part of a restructuring that will cost 6 billion ringgit.
Khazanah Nasional said in the statement that it plans to re-list the carrier in three to five years from now.
Ahmad Jauhari Yahya will stay on as chief executive until July next year, Khazanah said, adding that the search for a new CEO has begun.

 

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