Malaysia Airlines is to cut one third of its workforce as part of its efforts to recover after two tragic plane crashes in 2014.
An estimated 6,000 out of 20,000 staff will be let go as part of the restructuring plans though reports are now suggesting the figure could be closer to 8,000.
Malaysia Airlines has also appointed a senior administrator to oversee this transition period.
Despite this, the airline’s “operations are very much business as usual,” chief executive Christoph Mueller said in a statement.
Key reforms included cutting unprofitable routes and putting new senior management in place, including hiring Mueller, from Irish carrier Aer Lingus.
It also plans to rebrand and apply new strategies to its fleet and network.
Malaysia Airlines has gradually sold off various assets as part of the reorganisation, including its stake in travel distributor Abacus.
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