Malaysia Airlines to cut 6,000 jobs, spend $1.9 billion on restructuring: Khazanah
Aug 31, 2014, 4:41 pm
Join Date: Nov 2012
Location: NYC
Programs: Marriot Am, MU Pt
Posts: 3,092
Sometimes a major restructuring like this is necessary. Sad to see 6000 people will lose their jobs though.
Aug 31, 2014, 6:47 pm
Join Date: Jan 2014
Posts: 985
Quote:
Originally Posted by
TRVLUPGD
That is nine months from today. Their current burn rate is two million USD per month. Yes if they layoff 6000 todays, the burn rate can go down but remember the cost of that is 1.9 Billion USD !
And what would an immediate replacement of the CEO now achieve? A cost saving of USD2m each month?
Sep 1, 2014, 12:11 pm
Join Date: Feb 2010
Location: ORD
Programs: US Air, UA BA LH AI DELTA MARRIOTT CHOICE SGP
Posts: 9,883
Quote:
Originally Posted by
eminere
And what would an immediate replacement of the CEO now achieve? A cost saving of USD2m each month?
No CEO can achieve that unless major layoffs are a choice. Seems that is already been done.
A new CEO today can slow down the bleeding and whip the troops in shape for a faster new identity and regaining the public's confidence.
Sep 2, 2014, 1:08 pm
Join Date: Apr 2014
Posts: 237
Quote:
Originally Posted by
FlyAndLive21
Countdown until Delta buys their planes.
Why Delta? And what about the A380s - can't see Delta taking them.
Sep 2, 2014, 4:18 pm
Join Date: Feb 2010
Location: ORD
Programs: US Air, UA BA LH AI DELTA MARRIOTT CHOICE SGP
Posts: 9,883
Quote:
Originally Posted by
Leavinglondon
Why Delta? And what about the A380s - can't see Delta taking them.
The Govt will not allow it to be bought out and merge.
Sep 3, 2014, 3:46 pm
Join Date: Apr 2014
Posts: 237
Quote:
Originally Posted by
HMPS
The Govt will not allow it to be bought out and merge.
As no one would want to buy it anyway that's not going to be a problem !
Sep 3, 2014, 5:42 pm
Join Date: Aug 2014
Posts: 184
Quote:
Originally Posted by
Leavinglondon
As no one would want to buy it anyway that's not going to be a problem !
I think there are always buyers out there who believe thay can build a better mousetrap / airline.
Aug 31, 2014, 6:47 pm