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Malindo planning to shed more than 2,000 jobs
Malaysia based airline Malindo is planning to cut about 2,200 jobs to stay afloat as the Covid-19 pandemic continues to severely impact its business.
The hybrid full-service carrier will also reduce its fleet size to 11 planes, according to a report by The Malaysian Reserve.
Management have proposed to cut its workforce from 3,200 to about 1,000 by the end of November.
This summer Lion Air Group-owned Malindo offered some staff voluntary redundancy packages to reduce payroll costs, as well as voluntary unpaid leave for up to one year.
It will downsize to a leaner fleet of five Boeing 737 aircraft and six ATRs.
It currently has 24 aircraft.
Written by Ray Montgomery, Asia Editor
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TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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