Malaysia Air­lines to lay off one-third of 20,000 staff

Asian Journal - - Asia -

Kuala Lumpur: Malaysia Air­lines is ex­pected to lay off roughly one-third of its 20,000 staff on Wed­nes­day, un­der its re­struc­tur­ing plans to make the com­pany more prof­itable. The en­tire 20,000-em­ployee work­force will ac­tu­ally be ter­mi­nated, and then two-thirds of them will be given new con­tracts. Ex­ec­u­tive chair­man of Price­wa­ter­house­Coop­ers Mo­ham­mad Faiz Azmi has been ap­pointed as the air­lines’ ad­min­is­tra­tor and would head the process of let­ting go the em­ploy­ees. Af­ter re­struc­tur­ing, the air­line will mainly op­er­ate within the coun­try, ac­cord­ing to the Malaysia Chron­i­cle. Malaysia Air­lines CEO Christoph Mueller said in a state­ment that flight op­er­a­tions would con­tinue nor­mally, main­tain­ing all prior sched­ules and reser­va­tions.

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