Bangkok Airways cuts loss

1 min read
0
0
257

Bangkok Airways is cutting executive salaries, sending staff on unpaid leave and reducing the number of flights to cope with the downturn in business because of the spread of coronavirus disease.

“Due to the economic downturn and the outbreak of Covid-19 affecting various industries worldwide particularly the tourism and aviation sectors, Bangkok Airways has reviewed and adjusted its strategic plan in response to the current crises,” Bangkok Airways president Puttipong Prasarttong-Osoth said in a written announcement.

The cost-cutting measures would be implemented from Sunday and remain in effect until further notice. They included a reduction in the number of flights and cancellation of some routes, halving the salaries of the president, executive vice presidents and senior vice presidents of the airline, no salary increase this year for department heads, reduced benefits for all employees and leave without pay for 10-30 days for all staff.

Load More By Desk Writer
Load More In Thailand
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Check Also

PDP-Laban Stands for Their 2022 Presidential Poll and It is Manny Pacquaio

Unexpectedly, The group of the Partido Demokratiko Pilipino–Lakas ng Bayan drove by Sen. M…