Over 5,000 Thai Airways Int'l staff ready for early retirement

BANGKOK (Xinhua): Some 5,000 employees of Thai Airways International (THAI) have offered to take early retirement from the financially-ailing airline firm, said a top executive official on Thursday.

Out of a total of about 19,000 THAI employees, about 5,000 have recently offered to take early retirement from the upcoming Dec 1, confirmed acting THAI President Chansin Treenuchakorn.

Nevertheless, other employees, who may have decided to stay with the loss-ridden airline firm, can change their mind at a later date and follow suit of those who have offered to take early retirement, the acting THAI president said.

Besides, they may instead choose to take leave with pay amounting to 20 per cent of their current salary for a period of six consecutive months, beginning Nov 1, Chansin said.

He said THAI has been considerably cash-strapped, and its financial situation would not improve until after the next several months.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Did you find this article insightful?


78% readers found this article insightful

Next In Aseanplus News

How RCEP benefits Singaporeans and businesses
No decision yet on KL-Spore high-speed rail: Malaysia
S.Korea foils N. Korea attempt to hack Covid-19 vaccine makers
Indonesia signs coal shipment contract with Chinese traders
Pakistan shelling kills 3 Indian soldiers in Kashmir: India
China has over 700,000 5G base stations: official
Indian firm to make Russia’s Sputnik V Covid-19 vaccine
No year-end bonus for Singapore civil servants
Vietnam returns eight Cambodian women tricked into illegal China work
AstraZeneca likely to run new global trial on Covid-19 vaccine

Stories You'll Enjoy