shot-button
HMPV HMPV
Home > News > World News > Article > Malaysia Airlines to cut 30 pc staff in wake of dual air tragedies

Malaysia Airlines to cut 30 pc staff in wake of dual air tragedies

Updated on: 30 August,2014 08:15 AM IST  | 
ANI |

In the aftermath of the dual air tragedies and subsequent losses in recent months, Malaysia Airlines has decided to cut 6,000 staff as part of its recovery plan

Malaysia Airlines to cut 30 pc staff in wake of dual air tragedies

London: In the aftermath of the dual air tragedies and subsequent losses in recent months, Malaysia Airlines has decided to cut 6,000 staff as part of its recovery plan.


The airlines will reduce its workforce by nearly 30 percent and will completely become state-owned with a new chief executive in place, the BBC reports.


The move comes amid continuing losses suffered by Malaysia Airlines in the second half of the year. The airlines had earlier issued a statement saying it had witnessed "a sharp decline" in weekly bookings.


Malaysia Airlines reported a net loss of 307 million Malaysian ringgit ($97.4m, £58.7m) in the second quarter. Khazanah Nasional, the state investment company that has 69 percent stake in the firm, will take 100 percent ownership, the report said.

Khazanah''s managing director Azman Mokhtar said the combination of measures announced today will enable the national airline to be revived.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Did you find this article helpful?

Yes
No

Help us improve further by providing more detailed feedback and stand a chance to win a 3-month e-paper subscription! Click Here

Note: Winners will be selected via a lucky draw.

Help us improve further by providing more detailed feedback and stand a chance to win a 3-month e-paper subscription! Click Here

Note: Winners will be selected via a lucky draw.


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK