Big cut in human resources likely at MAS

IF certain historical benchmarks are to be used, Malaysia Airlines (MAS), which has about 20,000 employees, could see up to 30% of its workforce reduced as part of a restructuring plan.

In September 2012, Japan Airlines (JAL) emerged from its bankruptcy, supported by its government and sought to re-list on the Tokyo stock exchange in what was the year’s second-largest initial public offering at US$8.5bil (RM27.3bil) after Facebook’s US$16bil offering.