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Thai Airways International to eliminate half of the workforce to become profitable by 2025

1 month ago   |   By

Thai Airways International announced that it would cut back its operations significantly by cutting 50% of its workforce and its aircraft in operation from 102 to 86 as part of a rehabilitation plan that it submitted to the bankruptcy court earlier in the day.
The rehabilitation process will see Thai Airways International's number of full-time employees reduced from 27,944 as it stood in 2019 to between 13,000 and 15,000. Efforts to redesign the organization and revamp compensation will bring the proportion of total flight revenues that are taken up by crew costs down from 23% to 13%, the...
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