Airline With 14,000 Staff for 30 Planes to Cut Half Its Workforce
- Pakistan carrier employs 14,000 people and has only 30 planes
- Government promised to streamline airline after cash bailouts
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Pakistan International Airlines Corp. will lay off half of its 14,000 employees, replace some of its fleet and permanently close loss-making routes in a bid to become profitable for the first time in more than a decade.
Pakistan’s cabinet approved the carrier’s restructuring, said Ishrat Hussain, an adviser to Prime Minister Imran Khan. It also requested to explore outsourcing management contract or sale of 26% stake in the airline after improving its balance sheet, he said.