Monday, October 21, 2019

Top THAI execs agree to help out by cutting their salaries

Aug 19. 2019
Sumeth Damrongchaitham
Sumeth Damrongchaitham
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Sumeth Damrongchaitham, president and CEO of Thai Airways International (THAI), said the airline is only reducing the salaries of top executives, not operation officers.

After a THAI board meeting on August 19, it was reported that many top executives agreed willingly to reduce their salaries in order to ease the burden on the airline. 

“Lower cost measures will help Thai Airways compete in the airline business. Many board members and top executives have shown their compassion and agreed to help the organisation during this time of crisis. Officials at the operational level do not need to worry, because this measure only aims to lower the cost of management without any effect on the quality of service,” Sumeth said.

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