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Published on : Monday, May 25, 2015
Malaysia Airlines, one of the biggest government-linked companies (GLC) will be terminating its entire workforce to start afresh as a smaller airline with a regional focus rather than international. No GLC in Malaysia has ever sacked nearly everyone. This is supposedly going to be the biggest job termination in Malaysia.
However, this is believed to be a part of the last-ditch effort to remake MAS, saddled with debts for several years now, even before the twin tragedies of MH370 and MH17.
About two-thirds of the 20,000 staff will be offered jobs with new conditions. It was reported earlier that 6,000 staff would be axed but sources now say that in effect, it is that 6,000 roles that could be cut and some of those roles could be done by more than one staff. So sources say the final number of staff asked to go could be over 8,000, but in stages over a year.