Debt-ridden Malaysia Airlines (MAS) is likely to lay off its entire workforce of 20,000 to start afresh as as a smaller airline with a regional focus rather than international, a media report said on Monday.
MAS, one of Malaysia’s biggest government-linked companies hit by twin tragedies of MH370 and MH17, will terminate the job of its 20,000-employee workforce, and then offer new contracts to two-thirds of them, the Straits Times reported.
The only person spared in this restructuring plan would be chief executive Christoph Mueller, the report said.
This is part of the last-ditch effort to remake the MAS, saddled with debts for several years now, even before the twin tragedies.
But no government-liked company (GLC) in Malaysia has ever sacked nearly everyone and this could well be the most number of people ever sacked in one day in Malaysia.
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