Malindo planning to shed more than 2,000 jobs
Malaysia based airline Malindo is planning to cut about 2,200 jobs to stay afloat as the Covid-19 pandemic continues to severely impact its business.
The hybrid full-service carrier will also reduce its fleet size to 11 planes, according to a report by The Malaysian Reserve.
Management have proposed to cut its workforce from 3,200 to about 1,000 by the end of November.
This summer Lion Air Group-owned Malindo offered some staff voluntary redundancy packages to reduce payroll costs, as well as voluntary unpaid leave for up to one year.
It will downsize to a leaner fleet of five Boeing 737 aircraft and six ATRs.
It currently has 24 aircraft.
Written by Ray Montgomery, Asia Editor
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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