Malaysia Airlines to cut 6,000 staff

Malaysia Airlines has announced that it will slash 6,000 jobs, reduce its route network, and replace its CEO as part of recovery plan after being hit by two disasters this year.


Malaysia Airlines to cut 6


Malaysia Airlines has announced that it will slash 6,000 jobs, reduce its route network, and replace its CEO as part of recovery plan after being hit by two disasters this year. State investment fund Khazanah Nasional, which controls the failing flag carrier, said it would pump RM6 billion (US$1.9 billion) into the airline, hoping the changes will return the company to profitability by 2018. The airline released a statement saying its flights would operate as normal during the restructuring.