Malaysia Air Said to Mull Job Cuts, Order Review, New CEO
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Malaysian Airline System Bhd. is considering job cuts, a review of aircraft orders and replacing its chief executive officer after the national carrier suffered two disasters this year, people familiar with the plan said.
The airline’s parent, sovereign wealth fund Khazanah Nasional Bhd., will discuss the proposals tomorrow, which also include cutting some routes, one person said, asking not to be identified as the discussions are private. The carrier may need to lay off between 3,000 to 4,000 people, a second person said. The carrier had 19,577 employees at the end of last year, according to data compiled by Bloomberg.