24.04.2015 - MAS job cuts needed to avoid yet another rescue, says Khazanah
The downsizing at Malaysia Airlines Bhd (MAB) cannot be avoided if the new national carrier is to be sustainable, controlling shareholder Khazanah Nasional Bhd said today amid complaints by staff unions. According to Khazanah, MAB must trim 6,000 jobs to reach a more sustainable 14,000 headcount, but has tried its best to do the exercise properly and humanely by offering jobs elsewhere. “The point of NewCo is going to a new ship with a size and business practices that can work and be sustained,” Khazanah managing director Tan Sri Azman Mokhtar told reporters at the sidelines of Invest Malaysia 2015, using another name for MAB........................................Full Article: Source
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