New: Download the App to get paid sharing knowledge with professionals.

AirAsia to cut 300 workers; will scale down operations

The company is also looking to raise funds via a share sale.


Alfred Lee 5 Jun, 2020

AirAsia to cut 300 workers; will scale down operations

SouthEast Asia's largest low-cost airline, AirAsia, will cut over 300 staff in an effort to reduce their operating costs due to the devastating effects of the pandemic.

The layoffs, announced by CEO, Riad Asmat, will involve 172 pilots, 111 cabin crew members, and 50 engineers.

These individuals will be given notices within 24 hours of the announcement.

Riad was quoted mentioning that there are no other options to ensure that the low-cost carrier can continue operating like before, and restructuring the organisation is the only viable alternative now.

The airline is also reportedly trying to raise funds via a 10% share sale.

Alfred LeeAuthor

Journalist at BEAMSTART. I write about breaking business news in the region.

Share this Story


More Stories


BEAMSTART News covers the latest stories on Business, Finance, and Opportunities in Asia. We are an extension of global partnerships platform BEAMSTART.

Stay updated with us via our channels below:

 

Download the App

Be part of the global community of CEOs, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

© 2016 - 2020 BEAMSTART. All Rights Reserved.