Some 98 per cent of Malaysian Airline System Bhd’s (MAS) employees who were offered employment with Malaysia Airlines Bhd (MAB) have accepted their offers, said Khazanah Nasional Bhd.
Khazanah in its fourth scheduled update on the ongoing restructuring of MAS for the June 1 to August 31 period said about 13,000 employees had commenced work with MAB yesterday, out of which 9,000 were on permanent employment while the rest on short-term contract employment.
“In addition, there are a total of 2,000 employees of subsidiaries, such as Firefly, MASkargo and MASwings,” it said in a statement today.
Khazanah said MAB was issued the air operator certificate and air service licence by the Department of Civil Aviation, and formally commenced its first day of operations yesterday, and this marked the official transition from MAS to MAB.
The transition is a key component of the 12-point MAS recovery plan (MRP), which was announced by its parent company, Khazanah, on August 29, 2014, to restructure the national carrier and set it on a path towards sustainable profitability.
“The restructuring continues to show sustained progress in all key areas under the five-year MRP.”
Khazanah said about 75% of MAS’s employees who did not receive employment offers from MAB had registered with the Corporate Development Centre (CDC) for training and job placement support.
“CDC has conducted various career training sessions and organised career fairs and job interviews to assist the exiting staff,” it said.
MAB’s senior management continued to be strengthened with further appointments for key leadership positions, while MAS had legally effected the transfer of selected assets and liabilities to MAB, facilitated by the Malaysian Airline System Bhd (Administration) Act 2014.
news source & image credits: themalaysianinsider.com