MAS restructuring: employees told to expect substantial changes

admin
By admin August 12, 2014 20:23

MAS restructuring: employees told to expect substantial changes

The management of Malaysian Airlines System (MAS) has informed its 19,755 employees that the airline’s impending restructuring will be far more comprehensive than previous efforts.

In a meeting with representatives of the unions yesterday, union members stated that MAS chairman Tan Sri Md Nor Yusof had told them that “there would be a new template for MAS at the end of the exercise.”

According to union representatives, the airline’s new template may involve setting up of a new holding company, renegotiations of all employee contracts and a fully non-unionised staff.

MAS stated that its leadership had met with representatives of the various employee unions and other associations as the first step towards informing employees on the future restructuring of the airline.

“While there are still many details about the future which will be forthcoming, MAS is committed to working closely with all its employees and airline partners throughout this process following the principles of fairness, transparency and compassion,” MAS said.

Details on potential job and salary cuts will only be known at the end of the month, after Khazanah releases final details of the restructuring plan.

admin
By admin August 12, 2014 20:23