Malaysia Airlines to sack 33% of staff in major restructuring
Malaysia Airlines (MAS), which lost two of its planes in tragic circumstances last year, is to sack one-third of its 20,000 staff as part of a major reorganization aimed at making the ill-fated company more efficient. The axing will take place in two steps: firstly, all of the carrier’s 20,000 employees will be laid off then two-thirds will be rehired under new contracts. Executive chairman of PricewaterhouseCoopers, Mohammad Faiz Azmi, who was appointed as MAS administrator in charge of staff reduction, will be the man signing the termination letters. The employees will be sent two letters at the same time: one informing them of their termination, and the other offering either a new contract or an invitation to the retraining program for the sacked workers. Moral is reportedly low among Malaysia Airline’s staff, who say they’re anxious about their future. MAS was heavily in debt even before 2014, but losing two planes last year put the company in an even more difficult situation. On March 8 last year, Flight MH370, with 239 people aboard, disappeared from radar and was never found. Four months later, on July 17, Flight MH17, with 289 people on board, was shot down over Ukraine.