The Traderszone Network

Published in TZ Latest News 26 July, 2015 by The TZ Newswire Staff

Thai Airways to cut 1,401 jobs, suspend flights to U.S.

Thai Airways International Pcl (THAI.BK) plans to cut 1,401 jobs through voluntary retirement this year and suspend its loss-making flights to Los Angeles and Rome as it pushes ahead with a restructuring plan, its president said on Sunday. Thailand’s national carrier aims to reduce operating costs and capacity by 20 percent under the two-year plan, which also calls for aircraft sales and a reduction in staffing. The flight suspension will reduce Thai Air capacity by 5 percent, President Charumporn Jotikasthira told Reuters in a telephone interview.