RESTRUCTURING a company implies major changes and in the case of the national airlines, some of the most painful is the redundancies that must come if the new company, Malaysia Airlines Bhd (MAB), is to be a profitable venture ” this being the mission of its management. Billed as probably the largest laying-off exercise in the country, MAS, the old company, is an employer with heart. Employees made redundant will have base payment and ex-gratia payment amounting to one months basic salary for every year of service below 10 years or base payment with ex-gratia of 1½ months basic pay for service above 10 years. Those who are offered employment with MAB will be given incentives to stay with the reincarnated company. And while the laid-off workers remain unemployed, their medical privileges remain intact for one year.
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