Friday, August 07, 2020

THAI extends salary cuts

Jun 01. 2020
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By The Nation

Thai Airways International Public Company Limited (THAI) has extended the period of salary reductions by 10-15 per cent from May 31 to the end of August.

The airline, which is now under rehabilitation after it filed for bankruptcy, has announced that its employees will continue receiving lower salaries for the next three months.

The Civil Aviation Authority of Thailand's temporary ban on international flights during the pandemic has also cost THAI revenue.

The company now needs to strictly control its expenses to bring these to their lowest point necessary in order for the rehabilitation to succeed.

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