- Mar 22, 2005
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.
Another airline affected by ever increasing fuel prices...