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Sovereign Wealth Funds Briefing - Categorized | Market

Khazanah yet to setttle staff compensation in MAS retrenchment plan - Najib

Posted on 06 November 2014

Khazanah Nasional Bhd is still evaluating the form of compensation it will hand out to the 6,000 staff of Malaysia Airlines (MAS) who will be laid off in an ambitious restructuring exercise to bring the ailing national carrier back to profitability, said Prime Minister Datuk Seri Najib Razak.
He said the national investment firm is still waiting for the results of a talent evaluation programme that is being conducted by MAS before it can make a decision on the matter. “Apart from a retrenchment scheme, Khazanah is currently evaluating other schemes that can be considered to make sure the best talents are given incentives and remain in ‘MAS Baru’,” he said in a written parliamentary reply to PKR’s Kelana Jaya MP Wong Chen………………………………………..Full Article: Source


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