Thai Airways to cut 1,401 jobs, suspend flights to U.S.

[flee 5]

Thai Airways International Pcl (THAI.BK) plans to cut 1,401 jobs through voluntary retirement this year and suspend its loss-making flights to Los Angeles and Rome as it pushes ahead with a restructuring plan, its president said on Sunday.

Thailand's national carrier aims to reduce operating costs and capacity by 20 percent under the two-year plan, which also calls for aircraft sales and a reduction in staffing.

The firm is one of several state-controlled companies that the military government has targeted for reform since seizing power in May 2014.

The flight suspension will reduce Thai Air capacity by 5 percent, President Charumporn Jotikasthira told Reuters in a telephone interview. The company aims to cut capacity by 15 percent during the second of 2015.

More: http://www.reuters.com/article/2015/07/26/us-thai-airways-restucturing-idUSKCN0Q00CI20150726

[BC Tam 2]

Wow, I guess HRD must have been very thorough indeed to be able to identify the 1,401st person to be laid off

Not that it's any consolation to the guy/gal affected

[KK Lee 5]

Wow, I guess HRD must have been very thorough indeed to be able to identify the 1,401st person to be laid off

Not that it's any consolation to the guy/gal affected

 

Or 1,401 is a auspicious number for TG?