- Mar 22, 2005
Another airline affected by ever increasing fuel prices...AFP said:Malaysia Airlines staff layoffs to cost up to 234 million ringgit
KUALA LUMPUR (AFP) - Ailing Malaysia Airlines launched a scheme costing up to 850 million ringgit (234 million dollars) to lay off between 3,000 and 5,000 employees as part of a plan to haul itself out of the red.
"Since the mutual separation scheme is a voluntary exercise, Malaysia Airlines expects the take-up rate from staff to be between 3,000 to 5,000," the national carrier said in a statement.
An official from the airline, who declined to identified, quoted managing director Idris Jala as saying the scheme would cost up to 850 million ringgit.