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MALAYSIA AIRLINES IS set to fire 6,000 staff in a major restructuring of the company, as it struggles to recover from the loss of two jetliners in March and July.
The wholesale redundancies amount to almost one third of the stricken airline’s 20,000-strong workforce, and is more severe than had been expected by industry experts.
Furthermore, a new company is set to be established, that will take over the existing Malaysia Airlines business and its reduced staff.
Khazanah Nasional, the state investment company that owns 69% of Malaysia Airlines, announced the drastic measures today.
The radical overhaul will cost about 6 billion ringgit (€1.4 billion), and the Malaysian government will also buy out the remaining 31% – making the air carrier 100% state-owned.
At a press conference today, Khazanah also announced it had begun looking for a new CEO, to replace Ahmad Jauhari Yahya by the end of this year.
“The combination of measures announced today will enable our national airline to be revived,” said Khazanah managing director Azman Mokhtar.
The new incarnation of Malaysia Airlines is set to be established by July 2015.
The national airline had already been undergoing severe losses for several years before the disappearance of Flight 370 and its 239 passengers and staff in March.
That was followed by the deaths of 298 people when MH17 was shot down by pro-Russian separatists over eastern Ukraine in July.
Second-quarter financial reports released yesterday showed that Malaysia Airlines’ net loss between April and June this year had widened to 307 million ringgit (€74 million), up from 176 million ringgit (€42 million) for the same period in 2013.
Significantly, those figures do not take into account further inevitable losses accruing after the shooting down of Flight MH17, which occurred on 17 July.
The tragedies have scarred the airline’s brand, once associated with high-quality service.
Travelers on recent long-haul flights have posted photos on social media of nearly empty cabins and departure lounges.
The airline says passengers fell 11 percent in July from the year before.
Contains reporting from the Associated Press.
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Can’t stand the tagline ‘don’t cook, just eat’. Cooking is being looked down upon when it’s much cheaper, tastier and better for you. People need to be educated about cooking from a young age.
You work hard, you play hard…sometimes you wanna just eat! No guilt necessary!
I love cooking, but I also love justeat.
I really don’t think a website service or a tagline is going to make much difference to lazy unmotivated fatties who can’t be bothered cooking.
Isn’t technology fantastic,if you touch your phone in the right place a pizza will arrive at your front door.
They take 25 percent and dont pay for two months. Takeaway owners are leaving them in large nunbers. This is more rubbish concealed advertising by the journal and a paid poster above.
They take 11%
Just back for mc Sh”t in maynooth. Tried one of those new quarter pounder burgers. Horrific is all I can say. Should have brought it back in,but like most irish people I just said I won’t be coming here again.
Anyone else notice this new thing where eating copious amounts of fast food is seen as “manly” and a thing of respect? It seems to be common in young males, such as college students, etc.
There is nothing manly about eating bacon sandwiches everyday or ordering takeaway food more than once a week. In fact, it’s usually just overweight nerds looking for quick release endorphins.
Not to mention if you indulge in food like this often, you are gluttonous and therefore by default, evil.
Someone get this fella a snickers
Take a bow David – that was a classic
I hate everything and everyone too.
Can I get some green thumbs, please?
Starving
I avoid any place I see their sign tbh
Pig food
You can’t order through here Padraig , you need to download the Just Eat app and search for Pig Food, best of luck .
You’re funny.
Haha paulie well done on that one
As former Just-Eat.ie MD, I am not surprised by these results in Ireland. I left in 2011, but as of May this year I am launching a rival http://www.Marvin.ie which will be fairer to both restaurants and customers. Restaurants will only be charged 7% instead of 12% and consumers can earn FREE meals based on a coffee-shop loyalty reward system. I am here to compete and I would love to show Just-Eat that they are not untouchable.
*Like a coffee shop loyalty reward system
Best of luck!
Any app for this or just a website
Hi ciaran
Welcome to the journal
Cianan?
Thy take 12% and pay every 2weeks stil a lot of cash for small corner shops
Eating shit food is an unfortunate part of Irish culture. Lard-ass mentality.
have your say