Thai Airways International Plc is expected to layoff only five percent of its 20,000 staff members rather than the planned 30 percent staff cuts according to the panel in charge of rehabilitating the airline.
The Thai Airways Labor Union former president, Nares Peungyam, met with the airline representatives and other members of the union for discussions on Tuesday, June 30th.
According to the former president, the panel agreed on aiming to reduce the number of staff layoffs significantly, from an initial projection of 30 percent to just 5 percent of the airline’s workforce.
He continued by saying that the airline will reshuffle redundant staff members to other departments where more workers are needed to reach the new targets.
Meanwhile, the airline has appointed Chansin Treenuchagron, former president of PPT Plc, as acting president following an extraordinary meeting on Wednesday, July 1st.
The move follows the resignation of Chakkrit Parapuntakul from his position as acting president. Mr. Parapuntakul will remain on the board in the position of second vice-chairman.
The changes at the top of Thai Airways follow the airline’s filing for bankruptcy reconstruction with the Central Bankruptcy Court.
The case is scheduled for hearing on August 18th.
Source: The Nation