THAI employees laid off
Image adapted from: Thai Airways
After Prime Minister Prayut Chan-o-cha decided to send Thai Airways into the bankruptcy court thereby removing its state-own status, the airline is now making difficult cost-cutting measures.
Following the reconstructing plan under the bankruptcy act, the former national airline must lay off at least 30% of its current employees, which amounts to around 6,000 individuals.
According to Thailand’s labour law, laid-off employees will receive money as compensation. The amount, however, will depend on their time in the company.
- Worked for 120 days, but less than 1 year = 30-day of salary
- Worked for 1 year, but less than 3 years = 90-day of salary
- Worked for 3 years, but less than 6 years = 180-day of salary
- Worked for 6 years, but less than 8 years = 240-day of salary
- Worked for 10 years, but less than 20 years = 300-day of salary
- Worked over 20 years = 400-day of salary
More changes to come
Image credit: Sanook
Matichon reported that this will only be the beginning of the change. Thai Airways will also have to rearrange its internal structure across the board as well as reschedule its routes in the future.
This process may take around 1 year before the public can see some improvement.
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