Cash-strapped flag carrier Thai Airways will only cut about 5% of its workforce.
It had initially warned that 30% of its 20,000 employees would likely lose their jobs.
Pirapan Salirathavibhaga, a member of the committee in charge of rehabilitating the airline said some workers will be re-assigned to other understaffed business units to reduce redundancies.
The committee held talks with unions and pledged to keep job losses to a minimum.
The Thai Airways board held an extraordinary meeting to appoint Chansin Treenuchagorn, as the new acting president.
Former president Chakkrit Parapuntakul will stay on as second vice-chairman.
The national flag carrier filed for bankruptcy protection in late May.
The restructuring process is still ongoing and the Central Bankruptcy Court is scheduled to hear the case in mid-August.
