MAS to spring biggest layoff in Malaysia's corporate history
Staff expected to receive notices on job status latest by Friday
Add BT as a preferred source
Anita Gabriel
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SOME 8,000 staff of Malaysia Airlines (MAS) will soon receive the bleak news that they will be laid off under a large-scale staff cutback plan by the embattled state-owned carrier that could cost some RM1.6 billion (S$592 million).
But the "separation plan", deemed the largest layoff in Malaysia's corporate history, to revive the ailing and tragedy-struck airline is not without its share of challenges.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
