Malaysia Airlines To Cut Down Staff by 6000

Malaysia Airlines is to cut six thousand staff as part of recovery
plans, after being hit by two disasters this year. 

The reduction in staff numbers represents about 30 per cent of its work force of twenty thousand. 

The airline will become completely state owned, and a new
chief executive will be put in place. 

Investigators continue to hunt
for flight MH370, the Kuala Lumpur to Beijing flight which went missing in March. 

The MH17 air crash in eastern Ukraine in July,  is also under investigation. 

The recovery plan will cost about 1.9 billion dollars.  

The state investment company that owns a 69 percent stake in the troubled firm, Khazanah Nasional, will take 100 percent ownership.

The executives hope measures put in place will enable the national airline to be revived. 

Long haul routes will however be
slashed, and the airline aims to return to profitability by 2018.


BBC