Jump to content
BANGKOK
Sign in to follow this  
webfact

THAI introduces voluntary resignation scheme offering up to 30-month salaries

Recommended Posts

THAI introduces voluntary resignation scheme offering up to 30-month salaries, medical welfare, free tickets

3-4-2558-12-04-20-wpcf_728x411.jpg

BANGKOK: -- Thai Airways International (THAI) yesterday announced what it described as a special resignation programme that will retain rights for medical welfare and free tickets for participants.

Under such programme which it said is not an early retirement offer, 2,000 general staff members will be accepted, and not permitted to pilot and crew members.

Kanok Thongphueak, vice-president for human resources and management, said the special resignation programme will be open for application for one month, and expects to draw applications above the target.

He said the programme is special because it limits applicants at 2,000, and offers up to 30 months of salaries.

Besides, they still will enjoy medical welfare and free air tickets under the company’s regulation.

Qualified applicant must have at least 15 working years with the company, he said.

He reiterated that the programme is not early retirement programme as the company still has early retirement offer for staff.

But sources in the Transport Ministry said the programme is part of THAI’s plan to cut 5,000 jobs from the current 25,000 staff members. The 5,000 staff include its annual 500 staff retiring each year.

The redundancies are required under the rehabilitation plan adopted to resolve its huge losses.

The airline posted a net loss of 15.57 billion baht last year, and 12 billion baht in 2013.

Under the rehabilitation, unprofitable routes will also be terminated, while routes that suffers loss but have trend to recover will be have flights reduced for recovery in 6-12 months.

Flights will be increased in profitable routes, the source said.

Source: http://englishnews.thaipbs.or.th/thai-introduces-voluntary-resignation-scheme-offering-up-to-30-month-salaries-medical-welfare-free-tickets

thaipbs_logo.jpg
-- Thai PBS 2015-04-03

Share this post


Link to post
Share on other sites

Not surprised they are running at a loss when they are employing 5000 extra people not needed.

Hope things will change for Thai air as they are the national carrier.

But as I read that the people going can retain some benefits like medical welfare and free air tickets.....I have my doubts.

Share this post


Link to post
Share on other sites

Instead- feed them your catering 5 times a day and they will leave freely

  • Like 2

Share this post


Link to post
Share on other sites

It looks like they plan on running at a loss for the next 2.5 years at least. It will probably get worse when all these people without jobs start taking more free vacations. Not even taking into account the new sanctions that will require more cost by the airline.

Share this post


Link to post
Share on other sites

Stop serving terrible food on 45 minute domestic flights.

Share this post


Link to post
Share on other sites

In other countries, when a company is running at a loss.

Staff are layed off with a 6 month salary and most certainly no more benefits which were a large contributor to the losses anyway. Lay people have been telling them for years, that their fares are double and triple of other airlines.

It costs my family 150,000 baht for a return ticket on thai.

Compared to 65,000 on a cheaper airline. Even the wealthy, would choose the cheaper option for a family of four.

25,000 employees all with rights to free travel every year.

Most of their planes must be full of free thai staff.

It's simple really.

Lower fares = higher profits.

Higher fares = lower profits.

Even 7/11 employee can figure that out.

  • Like 1

Share this post


Link to post
Share on other sites

2.5 years of salaries will not help "to resolve its huge losses", unless these salaries come from a totally different budget than THAI operating budget and since THAI is a state-run business..., enough speculation...

However:

Under the rehabilitation, unprofitable routes will also be terminated, while routes that suffers loss but have trend to recover will be have flights reduced for recovery in 6-12 months.
Flights will be increased in profitable routes, the source said.

,...somebody did complete Business 101, wonder who that was?

Share this post


Link to post
Share on other sites

My advice to some working for Thai right now take the money and run as if they don't come back to profitability the next round of lay offs may not be so " generous "

Share this post


Link to post
Share on other sites

In other countries, when a company is running at a loss.

Staff are layed off with a 6 month salary and most certainly no more benefits which were a large contributor to the losses anyway. Lay people have been telling them for years, that their fares are double and triple of other airlines.

It costs my family 150,000 baht for a return ticket on thai.

Compared to 65,000 on a cheaper airline. Even the wealthy, would choose the cheaper option for a family of four.

25,000 employees all with rights to free travel every year.

Most of their planes must be full of free thai staff.

It's simple really.

Lower fares = higher profits.

Higher fares = lower profits.

Even 7/11 employee can figure that out.

Not unless they can use a calculator !!!

  • Like 1

Share this post


Link to post
Share on other sites

Really needs an independant enquiry, as to how they got themselves into so much debt? Where has all the money gone ?

Share this post


Link to post
Share on other sites

Thai airways still does not get it and I can see there never will. I was going to book a flight from BKK to Hong Kong The average price was about 9000 baht except Thai aways was offering a fair for 16,000 baht

Why should I pay 16,000 baht for a second rate airline when I can fly for 9000. Reducing staff with save some money that is without question however unless Thai reduces rates on regional flights this so called restructuring idea is a waist of time.

Everyone please bookmark this page and 2 years from now revisit it and tell me what day Thai filed for bankruptcy It is going to happen as long as managment cling to the idea that people what to fly with the flag carrier airline instead of another .

People don't care. They care about getting from point A to point B unless it is a long haul flight then depending on the level of service people will pay a slight premium for it but not 75%

WAKE UP THAI AIRWAYS

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...