Thai Airways budgets 5.5b baht for early retirement plan
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Bangkok
THAI Airways International said it had budgeted 5.5 billion baht (S$231 million) for its early retirement plan in 2015 and expected to finalise in the second quarter the number of staff that are keen to join the scheme.
The national carrier, which is undergoing major restructuring, aims to cut 2,000 jobs through a voluntary retirement scheme this year as part of its plan to reduce headcount by 5,000 in the next few years. "We announced the early retirement scheme to staff last week and it takes time to summarise about the number of staff," president Charumporn Jitikasthira said after a board meeting on Friday.
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