MALAYSIA’S beleaguered Malaysia Airlines (MAS) will lay off some 6,000 employees this June as it recalibrates its business strategy following a trying 2014.
According to Malaysian daily The Star, as estimated 6,000 employees will receive termination letters on June 1, with the rest to be absorbed into the newly formed MAB Airlines.
MAB take over the national carrier’s operations and liabilities on July 1, but Christoph Mueller will assume his role as managing director and group CEO from May 1.
The move is part of Khazanah Nasional’s 12-point restructuring scheme for MAS, which was hit hard last year by the MH370 and MH17 tragedies.
The Star reported that MAS completed a comprehensive talent assessment exercise in February and is still in the process of identifying talent to be retained.
