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Nearly 6,000 THAI staff to be laid off

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''The Cabinet decided to push THAI into a bankruptcy procedure under the Bankruptcy Act BE2483 (AD1940) and ordered the Ministry of Finance to sell its majority stake in the airline.''

 

The only people likely to pay 'peanuts' for the stock are those 'in the know' who will buy said stock for 'minus-peanuts' and make a big profit when the new Thai Airline is relaunched.

 

Deals will be negotiated on the leased planes as there are far too many planes 'going spare' and 'any deal' will be better than none!

 

A lot of money will be made!

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2 hours ago, Grumpy John said:

OK,  6000 people is a substantial chunk of the workforce...but is that going to be across the board or just some of the workers at the bottom? 

My guess would be that that those who need the jobs will be the ones who lose them

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Some off topic posts, inflammatory posts and the replies have been removed. 

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Posted (edited)
2 hours ago, ThailandRyan said:

It was so they could shop for goods overseas and bring them back here to sell and make a profit.  Secondary income.  Do you not remember the 3 female attendants who were nailed by customs not that long ago....

My first iPad mini came from that direction before they was available in Thailand

Edited by ChipButty

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Hang on a minute, Putting the cart before the horse again.

1.       Appoint Receivers (Should be an International Company< Government no 

                longer can make decisions, advise legalities to Receivers only

2.   The Receivers appoint International specialists in the aviation industry and International

               Accounting firm to start process

3.    The panel then decide on a time frame to collect all relevant data to be able to assess

               both criteria of exact position.

4.    The panel then decide on time frame for a rehab' plan to be finalized 

       (if in fact their decision is that it is rescuable

5,     CEO & GM appointed by panel (not Government) to begin a pre determined time frame

        of rehab, reporting directly to Receivers

If I was a shareholder this is the process I would demand.

The Government have had their "go" at appointing their "henchmen"  & obviously failed.

Tell them to go back flying their private planes & enjoy your retirement on the fleeced monies

Now, give the specialists a go (they can hardly do any worse)

This is NORMAL practice 

      

 

                         

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3 hours ago, ezzra said:

Hopefully some of them will of the indifferent, aloof and oh' not so young anymore cabin crew... and why on earth are they always lugging these huge suitcases even on a single overnight trip i could never understand...

What's wrong with them? Never had any problem with Thai cabin crew, no matter their age. In an otherwise ageist society, a country where all job ads have an age range next to them, I think it's great they're hiring people older than 35, because that seems to be the cut-off age to get a job in Thailand, unless you're running your own business.

 

Never seen a job advert in the west where it states: applicant must be between 22 and 28. So a 29 year old can't do the job? COme on.

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2 hours ago, Dumbastheycome said:

If  they start redundancies  from the top down it  might help !

 

They cant lose 60000 though, 6000 no  one  will  notice

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3 hours ago, ezzra said:

Hopefully some of them will of the indifferent, aloof and oh' not so young anymore cabin crew... and why on earth are they always lugging these huge suitcases even on a single overnight trip i could never understand...

Smuggling ...... their wages are nothing compared to the side deals.

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49 minutes ago, shinawhat said:

Not to mention, on virtually every flight to Europe, they are more expensive.......why? 

Because they carry less paying passengers than anyone else.

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2 hours ago, RichardColeman said:

They do realise that by writing off any money owed to Airbus could mean they lose 30 planes. right ? 

But this takes place according to Thai law and Thai courts, right? But from a practical perspective, Airbus doesn't want to have to take back planes, it's not like repossessing a car. There will have to be some productive negotiating and agreement among all parties. I don't know anything about Thai law, but in the US there is chapter 11 bankruptcy, which restructures debts and assets in order to keep a business afloat if possible. I would at least GUESS that Thailand has some kind of similar model. Very sad for those 6000 employees, many of whom probably have some years invested in their jobs. 

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Posted (edited)

20k employees?😱

That's 19k too many.

 

 

 

Edited by Vigilante

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2 hours ago, OJAS said:

A move which will no doubt ensure that those of us booked on THAI flights which have subsequently been cancelled (like mine to Paris in the early hours tomorrow) can now kiss goodbye to any chance of refunds, ticket validity extensions, vouchers, etc. 😡

You sure it has not already been cancelled ?

 

"Due to the Covid-19 crisis, THAI has temporarily suspended its operations until 30th June 2020."

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2 hours ago, Neeranam said:

Never liked the cabin crew, very condescending, especially to Thais. Most got their job through some kind of nepotism or cronyism and find it hard to wait on others, especially below them on the hierarchical social ladder.

Yes indeed, being former State Enterprise employees, many regarded themselves as types of "Hi So Civil Servants" or should I say "uncivil"?

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2 hours ago, sahibji said:

sad to see Thai airways headed that way. it is a good airline.

20 odd years ago maybe!

Any Staff's attitude's to their work reflects on the company's leadership at top level.

 Keep Smiling 

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