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  • Khazanah's RM6 billion MAS plan

    Friday, August 29, 2014
    • MAS
    • MAS
    Some 6,000 staff would be laid off under the plan which included a voluntary separation scheme (VSS) as well as offering employment to some 3,500 MAS workers in other companies under the Khazanah Nasional stable.

    KUALA LUMPUR, Aug 29 - Khazanah Nasional Bhd has unveiled a RM6 billion recovery plan for Malaysia Airlines (MAS) which will see the ailing national carrier inject greater efficieny by cutting its staff size comprising almost 20,000 by 30 per cent and refocusing on profitable regional routes rather than loss-making long-haul destinations.           ...

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