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THAI will only shed 5% of staff instead of 30%, promises rehab panel

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THAI will only shed 5% of staff instead of 30%, promises rehab panel

By THE NATION

 

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The panel in charge of rehabilitating debt-ridden Thai Airways International Plc (THAI) on Tuesday (June 30) confirmed that the carrier will only shed 5 per cent of the 20,000 employees as part of the airline’s reorganisation effort.

 

Nares Peungyam, former president of THAI’s labour union, said he, representatives of the airline staff as well as representatives of the labour union met the rehab panel to discuss some issues on Tuesday.

 

He said that at the meeting, panel member Pirapan Salirathavibhaga said now the panel is aiming to cut only 5 per cent of the airline’s workforce, down from the initial target of 30 per cent.

 

According to Pirapan, some redundant staff members will be shifted to departments that need more workers, Nares said.

 

Meanwhile, THAI’s board held an extraordinary meeting on Wednesday (July 1) to appoint board member Chansin Treenuchagorn as acting president as of July 2. The airline’s board also accepted the resignation of Chakkrit Parapuntakul from his post as acting president. Chakkrit will continue holding the position of THAI’s second vice chairman.

 

The carrier filed for rehabilitation with the Central Bankruptcy Court on May 26 and the court accepted the petition on May 27. The court will hear the case on August 17.

 

Source: https://www.nationthailand.com/business/30390626

 

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-- © Copyright The Nation Thailand 2020-07-02
 
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As long as the keep the staff that will process the ticket refund, I am happy. 

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What a joke, no wonder they have filed for bankruptcy taking my 30k refund with them, you'd thing the president will be any better than his predecessors, alas, they cut from the same cloth and answer to the same influential figures...

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29 minutes ago, webfact said:

some redundant staff members will be shifted to departments that need more workers,

how many times have I heard this BS before .... THAI is kaput imo. 

They owe creditors billions of baht and they are talking about keeping staff .....  lol  :guitar:

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This is nonsense as they have already terminated more than 5%. My daughter has already returned her badge and uniform and they did not even pay here full severance. If it was for me to guess, they have already laid of 40%.

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To be fair, management incompetence in the airline industry is not new.

 

The HK govt recently announced a USD 4 billion bailout package for Cathay,

who have also been circling the drain for some time.

 

If 5% of THAI employees will be let go, 

maybe at least 10-15% will be put on unpaid leave for the near future.

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There buckling under pressure....from whom???   Would be interesting to see behind the black curtain. 😉

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