Connect with us


Thai Airways cuts another 4,250 staff, offering them early retirement



4,250 Thai Airways employees have been pushed into an early retirement after failing a screening process for remaining employees. The process was a necessary result of the national airlines’ dire financial situation and current debt restructuring program. Remaining staff are being forced into new, leaner contacts.

The 13,554 remaining Thai Airways staff went through the screening program. 9,304 passed, according to the Bangkok Post. The 4,250 staff who failed will be able to receive early retirement benefits or apply for the next round of staff screening. Employees who passed the screening will continue to work for the legacy airline will sign contracts that start on May 1. Many of the ‘cushy’ contractual staff benefits are now missing from the new contracts, and more in line with modern aviation businesses.

People who missed out on the first round of screenings have been informed that they can apply for the second round, starting next Monday. The results are being announced on April 28. Otherwise they have until the end of today to apply for the early retirement benefits. They won’t be replaced as Thai Airways continues to find the best way to reduce its past inflated staff numbers.

The retirement packages are being paid in 4 instalments over 12 months. The first payment will be made in June this year.

Meanwhile union representatives are disputing the terms of the new contracts for Thai Airways staff. The labour union claims the changes have removed, or diluted, many former staff entitlements and welfare benefits. The union called on Thailand’s Department of Labour Protection and Welfare to review the changes and check if they align with the debt-restructuring plan submitted to the Central Bankruptcy Court.

Thai Airways, with its fleet mostly grounded since April last year, is still in the midst of a lengthy bankruptcy proceedings. Most of its creditors are overseas aircraft leasing companies. There’s also tens of thousands of ticket holders who are demanding refunds for flights that were cancelled as a result of the groundings in 2020.

The Thai government cut Thai Airways free after bailing them out of debt every year over the decade before 2020 by selling their controlling stake in the airline.

SOURCE: Bangkok Post


Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Tim Newton has lived in Thailand since 2011. An Australian, he has worked in the media, principally radio and TV, for 42 years. He has won the Deutsche Welle Award for best radio talk program (public radio Australia), presented over 11,000 radio news bulletins, 3,950 in Thailand alone, hosted 1050 daily TV news programs and produced 2,100 videos, TV commercials and documentaries. He also reported for CNN, Deutsche Welle TV, CBC, Australia's ABC TV and Australian radio during the 2018 Cave Rescue and other major stories in Thailand.

Follow Thaiger by email:

Thailand28 mins ago

Soi Dog Foundation steps up fight against rabies and dog meat trade in Vietnam

Visa50 mins ago

Thailand to extend Smart Visa scheme to draw talent

Cannabis1 hour ago

Can I take cannabis on domestic flights in Thailand?

Sponsored23 hours ago

Segafredo Zanetti Coffee teamed up with Bangkok Airways to host “Bangkok Airways Surf Festival 2022”

Thailand1 hour ago

Thailand pays 3.8 billion baht for first train hub in hospital

Transport2 hours ago

Bomb scare on flight from San Francisco to Singapore

South2 hours ago

English teacher’s body found in South Thailand

Join the conversation on the Thaiger Talk forums today!
Hot News2 hours ago

Indian teacher flees after beating lowest caste student to death over spelling mistake

Press Room2 hours ago

Marketing in Thailand as a Foreigner: Volume #2.1 Ad Campaign Crossroad: Global Materials vs. The New Investment

Thailand2 hours ago

Thai lotto winners reward ghosts with pricey Japanese feast

Hot News3 hours ago

Tribunal upholds sentence of last surviving Khmer Rouge leader

Tourism3 hours ago

Tourism fee to go to Cabinet to enact or delay

Events3 hours ago

John Cena breaks world record for most wishes granted in foundation

Chiang Mai3 hours ago

Popular Chiang Mai waterfall closed due to flooding

Hot News3 hours ago

WTO chief says world economy tipping towards recession

Cannabis News4 hours ago

Embassy warns citizens not to take cannabis from Thailand into Malaysia

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11