THAI airways plans to cut staff by 50% or staff costs by 18 billion baht annually over next 2 years

After two postponements, Thai Airways International submitted its rehabilitation plan to the Legal Execution Department officials today (Tuesday), under which the debt-ridden national flag carrier plans to slash staff expenses from about 30 billion baht annually to about 12 billion baht, or to reduce its staff by half, to under 15,000, in two years.

Under the same rehabilitation plan, the airline will reduce the types of aircraft it operates from 12 to 5 and maintain a fleet of 86 aircraft, reduce unprofitable routes and cut maintenance expenses, said Mr. Chansin Treenuchagron, acting president of THAI, adding that, in the initial stage, when the COVID-19 pandemic situation has improved, the airline will focus its operations on profitable routes, with the hope that it will return to profit in the next four years.

Full story: thaipbsworld.com

By Thai PBS World