snoop1130 Posted October 30, 2020 Share Posted October 30, 2020 4,977 Thai Airways Staff to Voluntarily Resign BANGKOK, Oct 30 (TNA) – 4,977 staff at Thai Airways International (THAI) applied for different stages of its Mutual Separation Plan (MSP) for the survival of the airline. Acting THAI president Chansin Treenuchagron said the airline offered the MSP to its staff because it had been loss-ridden and the impacts of the coronavirus disease 2019 caused it to undergo rehabilitation. Cargo and repatriation flights, food services from its catering department and the sales of THAI souvenirs could not make up for lost revenue from the stalled passenger service. Full Story: https://tna.mcot.net/english-news-574082 -- © Copyright TNA 2020-10-30 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 1 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted October 30, 2020 Popular Post Share Posted October 30, 2020 I wonder what type of additional severance goodies they will be given for voluntarily resigning their positions? Yes I read that some had applied for early retirement while the majority are getting a 20% package for 6 months and, then they will retire from service and get their retirement. How the hell is this even allowed. What a farce. How can the Bankruptcy court allow this as it will just add more debt to the restructuring they are under. Of course the Thai Airways president has said this: The applicants contributed to the survival of the airline. What survival have they contributed. More FACE Saving at the trough. 6 2 2 Link to comment Share on other sites More sharing options...
Popular Post Justgrazing Posted October 30, 2020 Popular Post Share Posted October 30, 2020 1 hour ago, snoop1130 said: food services from its catering department and the sales of THAI souvenirs could not make up for lost revenue from the stalled passenger service. You gotta flog a lot of purple custard and dough balls to match a ticket price from other side of the globe .. maybe better accept Thai Airways is a dead duck and call it a day .. if the collective loss of face could accept it that is .. 10 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted October 30, 2020 Popular Post Share Posted October 30, 2020 Looks like Bangkok Airways has found a new way to stay afloat instead of going bankrupt like Thai Airways. If you have a spare 100,000 baht lying around you can get an Elite flight card and travel free domestically the entire year. Maybe the Thai Airways needs to do something similar..... https://www.bangkokair.com/eng/elitecard 5 Link to comment Share on other sites More sharing options...
Popular Post DrDave Posted October 30, 2020 Popular Post Share Posted October 30, 2020 4 minutes ago, ThailandRyan said: Looks like Bangkok Airways has found a new way to stay afloat instead of going bankrupt like Thai Airways. If you have a spare 100,000 baht lying around you can get an Elite flight card and travel free domestically the entire year. Maybe the Thai Airways needs to do something similar..... https://www.bangkokair.com/eng/elitecard What a deal! That 100K baht doesn't include any taxes, airport fees and so on, which can amount to as much as 50% of a ticket's cost. Oh, and an extra 7K baht for VAT. 3 2 Link to comment Share on other sites More sharing options...
Popular Post RotBenz8888 Posted October 30, 2020 Popular Post Share Posted October 30, 2020 Time to bag it! 2 5 Link to comment Share on other sites More sharing options...
Popular Post trainman34014 Posted October 30, 2020 Popular Post Share Posted October 30, 2020 So; losing ones job is now known as 'Mutual Separation'. Sounds more like something to do with leaving the Spouse ! 3 Link to comment Share on other sites More sharing options...
Dumbastheycome Posted October 30, 2020 Share Posted October 30, 2020 5 minutes ago, DrDave said: What a deal! That 100K baht doesn't include any taxes, airport fees and so on, which can amount to as much as 50% of a ticket's cost. Oh, and an extra 7K baht for VAT. IMO it would be ridiculous to suggest Thai Airways was not badly managed but now in an attempt to salvage some hope to survive it has provided some avenues for people to extract a path for departure with at least some dignity attached. Many times " National Carriers" around the world have suffered times of commercial insolvency for various reasons. Many survived and became viable pre-pandemic through recognition of need for restructuring and infusions of substantial funds both public and private. It might be vogue for those with a vindictive mentality to happily dismiss Thai Air to the rubbish bin while pretending to sympathize with the more direct masses involved with the cessation of mass tourism but the many people involved as employees of Thai Air number among the same ! Perhaps "Collectors" of emblems for National air carriers need seek items of memorabilia other than Thai Air including of their own ? Even if only to dance on it and then burn it ! Like a MAGA cap !???? Sorry Greta! I jest. But what better to do with a cheap Chinese made item littering the USA ? 2 Link to comment Share on other sites More sharing options...
SomchaiCNX Posted October 31, 2020 Share Posted October 31, 2020 15 hours ago, ThailandRyan said: I wonder what type of additional severance goodies they will be given for voluntarily resigning their positions? Yes I read that some had applied for early retirement while the majority are getting a 20% package for 6 months and, then they will retire from service and get their retirement. How the hell is this even allowed. What a farce. How can the Bankruptcy court allow this as it will just add more debt to the restructuring they are under. Of course the Thai Airways president has said this: The applicants contributed to the survival of the airline. What survival have they contributed. More FACE Saving at the trough. You are clearly not from Europe I guess. You work let's say 30- 35 years for a company and than you would kick them out without anything? Remember, even THAI has to follow the laws, the people who work there are semi government officials. They are not offering much compared to many other countries. Those who stay will have to sign a different contract by mid next year. 1 1 Link to comment Share on other sites More sharing options...
SomchaiCNX Posted October 31, 2020 Share Posted October 31, 2020 14 hours ago, RotBenz8888 said: Time to bag it! Out of stock already, so yes these are popular. Link to comment Share on other sites More sharing options...
SomchaiCNX Posted October 31, 2020 Share Posted October 31, 2020 15 hours ago, ThailandRyan said: Looks like Bangkok Airways has found a new way to stay afloat instead of going bankrupt like Thai Airways. If you have a spare 100,000 baht lying around you can get an Elite flight card and travel free domestically the entire year. Maybe the Thai Airways needs to do something similar..... https://www.bangkokair.com/eng/elitecard The way they (and other private owned airlines) survive in Thailand is probably by putting money in brown envelopes and deliver them to the right people in charge. THai is not allowed to do that so the same people in charge are a little angry with THAI. The decisions they made to allow other airlines to fly new routes makes this very clear. Link to comment Share on other sites More sharing options...
Popular Post cyril sneer Posted October 31, 2020 Popular Post Share Posted October 31, 2020 would have happened covid or not 3 Link to comment Share on other sites More sharing options...
bronzedude Posted October 31, 2020 Share Posted October 31, 2020 About the Bangkok Airways deal, once I used my accumulated points to book/purchase a flight. The taxes and the fees came to about 80% of what the flight would have cost if I just booked it without the points. I was surprised, but still disappointed. I've used points with other airlines and was only charged tax. I still think Bangkok Airlines is the best regional airline and will continue to use them over Thai, Smile, Nok, Air Asia et al. For me, the only reason for having a Bangkok Air points account is that they give a 15kg baggage allowance for members. At the end of the day, I guess a 20% savings is a bonus. 1 Link to comment Share on other sites More sharing options...
ThailandRyan Posted October 31, 2020 Share Posted October 31, 2020 4 minutes ago, SomchaiCNX said: You are clearly not from Europe I guess. You work let's say 30- 35 years for a company and than you would kick them out without anything? Remember, even THAI has to follow the laws, the people who work there are semi government officials. They are not offering much compared to many other countries. Those who stay will have to sign a different contract by mid next year. No I am from the US, and no I am not on Social Security. If a company goes under then the pension system goes to the Federal Pension Guaranty program and, you will be lucky to get 20% of what you were suppose to get. My father ran into this and luckily he was able to also apply for SS, which just barely gives him $1400 USD a month to live on. Luckily he owns his house. So for Thai Airways to give a full pension from a company that is going under as they are or, has gone under, is considered a Golden Handshake. Not sure how the Pension can still be solvent under Thai Airways if the company is gone. It is one of the factors that has led them into insolvency court. Pensions are a huge liability for any company threat has a defined benefit pension guaranteed for life of the employee and his/her spouse after they have retired. It is a good retirement, but if the company has disappeared then just how can the benefits continue at the rate they were promised. Link to comment Share on other sites More sharing options...
ThailandRyan Posted October 31, 2020 Share Posted October 31, 2020 2 minutes ago, bronzedude said: About the Bangkok Airways deal, once I used my accumulated points to book/purchase a flight. The taxes and the fees came to about 80% of what the flight would have cost if I just booked it without the points. I was surprised, but still disappointed. I've used points with other airlines and was only charged tax. I still think Bangkok Airlines is the best regional airline and will continue to use them over Thai, Smile, Nok, Air Asia et al. For me, the only reason for having a Bangkok Air points account is that they give a 15kg baggage allowance for members. At the end of the day, I guess a 20% savings is a bonus. It is also why I fly them in country and Not Thai Smile. Air Asia charges for every thing they can as they are an A La Carte style airline. Thai Airways treated me like garbage when I flew them. Link to comment Share on other sites More sharing options...
rickudon Posted October 31, 2020 Share Posted October 31, 2020 2 hours ago, ThailandRyan said: No I am from the US, and no I am not on Social Security. If a company goes under then the pension system goes to the Federal Pension Guaranty program and, you will be lucky to get 20% of what you were suppose to get. My father ran into this and luckily he was able to also apply for SS, which just barely gives him $1400 USD a month to live on. Luckily he owns his house. So for Thai Airways to give a full pension from a company that is going under as they are or, has gone under, is considered a Golden Handshake. Not sure how the Pension can still be solvent under Thai Airways if the company is gone. It is one of the factors that has led them into insolvency court. Pensions are a huge liability for any company threat has a defined benefit pension guaranteed for life of the employee and his/her spouse after they have retired. It is a good retirement, but if the company has disappeared then just how can the benefits continue at the rate they were promised. Laws in different countries vary. In the UK, pension funds are meant to be kept separate to the companies assets, so if a company goes bankrupt the pensions are relatively well protected. Those who are already retired get first call on the money. If the funds are insufficient to pay those who retire later, they will get reduced pensions plus a top up from a pension fund tax. The USA does have poorer protection of company pensions, i remember some lost nearly their entire pensions during the last 2 recessions. 1 1 Link to comment Share on other sites More sharing options...
cardinalblue Posted October 31, 2020 Share Posted October 31, 2020 I don’t believe the use of the word “voluntarily”.... nothing more severance packages and if you don’t take it, you get laid off w/o anything... 1 Link to comment Share on other sites More sharing options...
Popular Post steven100 Posted October 31, 2020 Popular Post Share Posted October 31, 2020 Shut the damn thing down, stop the bleeding .... it's got no cash. The sooner it's cut up the better .... it's finished .... RIP Thai airways. 4 Link to comment Share on other sites More sharing options...
hotchilli Posted October 31, 2020 Share Posted October 31, 2020 19 hours ago, snoop1130 said: 4,977 Thai Airways Staff to Voluntarily Resign Wow, the severance package must be tempting. 1 Link to comment Share on other sites More sharing options...
holy cow cm Posted October 31, 2020 Share Posted October 31, 2020 I don't think it is cash strapped because of the lowly employees. My daughter worked for them and the talk that went around I cannot say on this forum or in public. 2 Link to comment Share on other sites More sharing options...
Popular Post Grumpy one Posted October 31, 2020 Popular Post Share Posted October 31, 2020 Why does " Rats leaving a sinking ship " come to mind ? 3 Link to comment Share on other sites More sharing options...
Popular Post richard_smith237 Posted October 31, 2020 Popular Post Share Posted October 31, 2020 2 minutes ago, Grumpy one said: Why does " Rats leaving a sinking ship " come to mind ? Answer: because you have a poisonous mind. Nearly 5000 people losing employment is a very said affair in any industry. The voluntary resignation is more like ‘resign with some benefit’ before people get laid off and have to involve the labour courts to fight for any benefit / redundancy. 5 1 Link to comment Share on other sites More sharing options...
Popular Post Grumpy one Posted October 31, 2020 Popular Post Share Posted October 31, 2020 1 minute ago, richard_smith237 said: Answer: because you have a poisonous mind. Nearly 5000 people losing employment is a very said affair in any industry. The voluntary resignation is more like ‘resign with some benefit’ before people get laid off and have to involve the labour courts to fight for any benefit / redundancy. You sir need to chill out before you expire Do you think no one else has suffered from loosing their jobs I am now supporting 6 members of my wife's family so go bang your drum elsewhere 4 1 Link to comment Share on other sites More sharing options...
SomchaiCNX Posted October 31, 2020 Share Posted October 31, 2020 (edited) 5 hours ago, ThailandRyan said: No I am from the US, and no I am not on Social Security. If a company goes under then the pension system goes to the Federal Pension Guaranty program and, you will be lucky to get 20% of what you were suppose to get. My father ran into this and luckily he was able to also apply for SS, which just barely gives him $1400 USD a month to live on. Luckily he owns his house. So for Thai Airways to give a full pension from a company that is going under as they are or, has gone under, is considered a Golden Handshake. Not sure how the Pension can still be solvent under Thai Airways if the company is gone. It is one of the factors that has led them into insolvency court. Pensions are a huge liability for any company threat has a defined benefit pension guaranteed for life of the employee and his/her spouse after they have retired. It is a good retirement, but if the company has disappeared then just how can the benefits continue at the rate they were promised. THAI staff do have the option of saving x % of their salary into an extra pension fund. After 20-30-40 years that amount is much more than the actual pension. Edited October 31, 2020 by SomchaiCNX Link to comment Share on other sites More sharing options...
SomchaiCNX Posted October 31, 2020 Share Posted October 31, 2020 (edited) 3 hours ago, steven100 said: Shut the damn thing down, stop the bleeding .... it's got no cash. The sooner it's cut up the better .... it's finished .... RIP Thai airways. Well Steven it has a huge potential but not with your friend in charge. Most of his friends are the main cause of the total collapse. And I would not be surprised if one of his (new) Chinese friends will make an offer to take it over Edited October 31, 2020 by SomchaiCNX 2 Link to comment Share on other sites More sharing options...
Mr Meeseeks Posted October 31, 2020 Share Posted October 31, 2020 20 hours ago, ThailandRyan said: Looks like Bangkok Airways has found a new way to stay afloat instead of going bankrupt like Thai Airways. If you have a spare 100,000 baht lying around you can get an Elite flight card and travel free domestically the entire year. Maybe the Thai Airways needs to do something similar..... https://www.bangkokair.com/eng/elitecard I fly round trip about 24 times per year domestically on Thai Smile and it costs about 80 to 100k THB. No way on Earth I am giving an airline money up front in this climate. 2 Link to comment Share on other sites More sharing options...
richard_smith237 Posted October 31, 2020 Share Posted October 31, 2020 (edited) 1 hour ago, Grumpy one said: You sir need to chill out before you expire Do you think no one else has suffered from loosing their jobs I am now supporting 6 members of my wife's family so go bang your drum elsewhere Sorry for your awful and tragic situation. But that doesn’t make your ‘rats leaving a sinking ship’ any less poisonous or bitter. In fact having an understanding of the potential financial burden a loss of employment creates someone of empathetic character may choose a more intelligent response. Edited October 31, 2020 by richard_smith237 Link to comment Share on other sites More sharing options...
sammieuk1 Posted October 31, 2020 Share Posted October 31, 2020 Hopeful the entire woeful customer service will be gone first ???? Link to comment Share on other sites More sharing options...
metisdead Posted October 31, 2020 Share Posted October 31, 2020 A troll post and a reply has been removed. Link to comment Share on other sites More sharing options...
scorecard Posted October 31, 2020 Share Posted October 31, 2020 22 hours ago, snoop1130 said: 4,977 Thai Airways Staff to Voluntarily Resign BANGKOK, Oct 30 (TNA) – 4,977 staff at Thai Airways International (THAI) applied for different stages of its Mutual Separation Plan (MSP) for the survival of the airline. Acting THAI president Chansin Treenuchagron said the airline offered the MSP to its staff because it had been loss-ridden and the impacts of the coronavirus disease 2019 caused it to undergo rehabilitation. Cargo and repatriation flights, food services from its catering department and the sales of THAI souvenirs could not make up for lost revenue from the stalled passenger service. Full Story: https://tna.mcot.net/english-news-574082 -- © Copyright TNA 2020-10-30 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates I wonder if these employees totally voluntarily said 'I want to resign. Seems very doubtful they would do that, especially in such a large number, without some prompting to resign. In many counties this would be high unethical and highly illegal. 1 1 Link to comment Share on other sites More sharing options...
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