Thai Airways cuts 240 exec positions as part of bankruptcy restructuring
"The number of executive positions has been reduced from 740 to about 500," the airline said in a statement
 "Thai Airways")
Move would increase efficiency by going from eight supervisory levels to five.
BANGKOK (Reuters) - Thai Airways International Pcl on Friday said it had cut around 240 executive positions at the airline as part of its bankruptcy restructuring process.
"The number of executive positions has been reduced from 740 to about 500," the airline said in a statement, adding that the move would increase efficiency by going from eight supervisory levels to five.
(Reporting by Chayut Setboonsarng; Editing by Ed Davies)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Feb 19 2021 | 11:44 AM IST