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Thai Airways plans to lay off just five percent of workforce
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.
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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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