MAS To Slash 6,000 Of Its 20,000 Workforce
Come June 1, a number of 6,000 employees from the embattled Malaysia Airlines (MAS) will face unemployment.
The airline’s new chief executive officer Christoph Mueller made it clear that this difficult period of anxiety will be over then.
Termination letters will be sent out to all the employees but about two-thirds of the staff will be offered jobs with the new company, MAS Bhd. They have until June 12 to decide if they want to join up on new terms.
The new airline will only be able to accommodate about 14,000 employees.
The termination exercise is part of the plan to remake MAS, whose assets and liabilities will be transferred to MAS Bhd which takes over the operations from Sept 1.
Those not employed by MAS Bhd will have to leave the company in stages, but some may be offered short-term contracts.
Mueller said the complete overhaul of the airline might take up to three years and some functions within the airline would be outsourced to partners.