KUALA LUMPUR: Malaysia Airlines is “technically bankrupt”, its new German CEO said Monday as the carrier slashed 6,000 jobs as part of plans to recover from deadly disasters and a long run of red ink.
Christoph Mueller made public his plans for the troubled flag carrier for the first time since the aviation turnaround specialist was brought in on May 1 to save it from collapse.
They include the thousands of job cuts — expected but made official on Monday — a trimmed route network, a revamped brand image and an overhaul of the company’s organisation and operations.
Mueller, whose job-cutting stints at …read more
Source: Free Malaysia Today
