Malaysia Airlines (MAS) which was hit by two jet disasters this year may retrench a quarter of their 19,500 staffs & the announcement could be made as early as tomorrow. Deep job losses,route cuts and a change of leadership are expected to feature in a restructuring plan being prepared by the Malaysian government. MAS also reports a 2nd-quarter result,likely the last before being delisted & no longer trading on a major stock exchange. Airline insiders said staff discontent had been growing for years due to strategy U-turns,leadership changes and poor career prospects. Plunging ticket sales and heavy losses were experienced even before the 2 tragedies occurred. As the majority owner of state fund Khazanah Nasional prepares to take the company private and inject efficiency into the airline,it must tackle crumbling staff morale and win over the powerful main labour union if turnaround efforts are to succeed. MAS is suffering from an image problem and a problem with the staff,they have to find someone the staff can respect and rally behind. said Nik Huslan, former chief pilot at MAS. Source ~ The Malaysian Insider
Posted on: Thu, 28 Aug 2014 05:52:30 +0000
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