Malaysia Airlines to slash 6,000 jobs in survival bid | Bangkok Post: news

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Malaysia Airlines to slash 6,000 jobs in survival bid

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Malaysia Airlines will slash 6,000 jobs, trim its route network, and replace its CEO under plans announced Friday to stave off bankruptcy after two air tragedies plunged the already troubled carrier deeper into crisis.  

Airport groundstaff walk past Malaysia Airlines planes parked on the tarmac at the Kuala Lumpur International Airport in Sepang on June 17, 2014

State investment fund Khazanah Nasional, which controls the failing flag carrier, said it would pump 6 billion ringgit ($1.9 billion) into the airline, hoping the changes will return the company to profitability within three years.

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