Malaysia Airlines is nearly closing on with its
tough restructuring plan which will includes cutting off about one-third of its
workforce in its effort to recover after tragic two plane crashes last year.
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| Malaysia Airline Tarmac |
The layoff is expected to affect
about 6,000 out of 20,000 workers and is expected to happen anytime soon. Though
reports are now suggesting the figure could still rise to be closer to 8,000.
Meanwhile, the airlines has also appointed a senior administrator to oversee
this transition period.
Despite this, the airline's
"operations are very much business as usual," CEO Christoph Mueller
said in a statement.
Malaysia Airlines was faced by serious
critics negative publicity last year after the mysterious disappearance of two
of their fleets, flight MH370 into the Java sea, and the shooting down of MH17
in the Russian/Ukraine border.
The airline was taken private by
Khazanah Nasional, Malaysia's sovereign wealth fund, which eventually revealed
a $1.8 billion restructuring plan after been pulled from the stock market.
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