webfact Posted May 21, 2020 Share Posted May 21, 2020 Nearly 6,000 THAI staff to be laid off By The Nation Thai Airways (THAI) will have to dismiss more than 6,000 employees after entering a bankruptcy procedure and a debt moratorium of Bt200 billion, the government said on Thursday. The Cabinet decided to push THAI into a bankruptcy procedure under the Bankruptcy Act BE2483 (AD1940) and ordered the Ministry of Finance to sell its majority stake in the airline. THAI will stop repaying all debt and start from scratch, the government said. According to the size of its debt, 30 per cent of its over 20,000 employees, or over 6,000 people, will have to be dismissed. They will receive a 10-month compensation as per the labour law. The rehabilitation of the airline has to be approved by the creditors and it is likely to take at least one year, sources said. Source: https://www.nationthailand.com/business/30388241 -- © Copyright The Nation Thailand 2020-05-21 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 2 Link to comment Share on other sites More sharing options...
Popular Post Denim Posted May 21, 2020 Popular Post Share Posted May 21, 2020 (edited) 14 hours ago, webfact said: THAI will stop repaying all debt and start from scratch, Typo. Should read : Thai will stop repaying all debt and start accumulating more from scratch. New Thai Airway will rise like a Phoenix from the ashes but will ultimately meet the same fate as Icarus. Edited May 21, 2020 by Denim 26 2 5 16 Link to comment Share on other sites More sharing options...
Popular Post ezzra Posted May 21, 2020 Popular Post Share Posted May 21, 2020 (edited) Hopefully some of them will of the indifferent, aloof and oh' not so young anymore cabin crew... and why on earth are they always lugging these huge suitcases even on a single overnight trip i could never understand... Edited May 21, 2020 by ezzra 7 3 Link to comment Share on other sites More sharing options...
Popular Post Canuck1966 Posted May 21, 2020 Popular Post Share Posted May 21, 2020 And this too Going to be a rough ride for Thailand https://asia.nikkei.com/Business/Companies/Panasonic-to-move-appliance-production-from-Thailand-to-Vietnam?fbclid=IwAR2htQBNXPOs8Ps5BADvr_FZg2IRl3dIx6Oo7HRj57OtcfhApJtl5Kj_BiE 9 1 3 3 Link to comment Share on other sites More sharing options...
Popular Post steven100 Posted May 21, 2020 Popular Post Share Posted May 21, 2020 6 minutes ago, webfact said: THAI will stop repaying all debt and start from scratch I don't think the international creditors will be very happy 10 3 2 Link to comment Share on other sites More sharing options...
Popular Post MadMac Posted May 21, 2020 Popular Post Share Posted May 21, 2020 Funky, Ministry of FInance still can sell their stake ;) 5 3 Link to comment Share on other sites More sharing options...
Popular Post Fex Bluse Posted May 21, 2020 Popular Post Share Posted May 21, 2020 10 minutes ago, ezzra said: Hopefully some of them will of the indifferent, aloof and oh' not so young anymore cabin crew... and why on earth are they always lugging these huge suitcases even on a single overnight trip i could never understand... Many of them were illegally importing stuff into Thailand. I know a family who runs an Italian style wine store based on regular smuggling of wines from Europe. Many of them were in on it. Clothing, wines, anything they could illegally smuggle and illegally resell in Thailand. Facebook was a common sales market for their goods 24 1 7 2 Link to comment Share on other sites More sharing options...
Popular Post Dumbastheycome Posted May 21, 2020 Popular Post Share Posted May 21, 2020 If they start redundancies from the top down it might help ! 19 4 3 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted May 21, 2020 Popular Post Share Posted May 21, 2020 27 minutes ago, ezzra said: Hopefully some of them will of the indifferent, aloof and oh' not so young anymore cabin crew... and why on earth are they always lugging these huge suitcases even on a single overnight trip i could never understand... It was so they could shop for goods overseas and bring them back here to sell and make a profit. Secondary income. Do you not remember the 3 female attendants who were nailed by customs not that long ago.... 15 1 Link to comment Share on other sites More sharing options...
Popular Post Misterwhisper Posted May 21, 2020 Popular Post Share Posted May 21, 2020 (edited) 35 minutes ago, webfact said: 30 per cent of its over 20,000 employees, or over 6,000 people, will have to be dismissed. Question: How many among these laid-off employees are going to be grossly overpaid top executives? I think I know the answer. Edited May 21, 2020 by Misterwhisper 18 4 3 Link to comment Share on other sites More sharing options...
Popular Post Neeranam Posted May 21, 2020 Popular Post Share Posted May 21, 2020 Never liked the cabin crew, very condescending, especially to Thais. Most got their job through some kind of nepotism or cronyism and find it hard to wait on others, especially below them on the hierarchical social ladder. 37 7 Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted May 21, 2020 Popular Post Share Posted May 21, 2020 36 minutes ago, webfact said: THAI will stop repaying all debt and start from scratch They do realise that by writing off any money owed to Airbus could mean they lose 30 planes. right ? 12 Link to comment Share on other sites More sharing options...
Popular Post Grumpy John Posted May 21, 2020 Popular Post Share Posted May 21, 2020 OK, 6000 people is a substantial chunk of the workforce...but is that going to be across the board or just some of the workers at the bottom? 7 1 Link to comment Share on other sites More sharing options...
Popular Post scorecard Posted May 21, 2020 Popular Post Share Posted May 21, 2020 (edited) 26 minutes ago, Fex Bluse said: Many of them were illegally importing stuff into Thailand. I know a family who runs an Italian style wine store based on regular smuggling of wines from Europe. Many of them were in on it. Clothing, wines, anything they could illegally smuggle and illegally resell in Thailand. Facebook was a common sales market for their goods Reminds of the big stocks Thai crockery, cutlery, glassware etc., regularly on sale on Silom Road footpath markets, at Chatujuck market etc., for many years, haven't seen any for a few years. Edited May 21, 2020 by scorecard 4 1 Link to comment Share on other sites More sharing options...
Popular Post sahibji Posted May 21, 2020 Popular Post Share Posted May 21, 2020 sad to see Thai airways headed that way. it is a good airline. 12 3 2 1 18 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted May 21, 2020 Popular Post Share Posted May 21, 2020 (edited) 4 minutes ago, RichardColeman said: They do realise that by writing off any money owed to Airbus could mean they lose 30 planes. right ? You mean possession is not 9/10th's of the law. How will Airbus take them back if the airport's remains closed, under cover of darkness hire the airplane repo companies and pay them a tidy sum for risking their lives....Not sure what will happen, but this country now has some serious egg on it's face.... Edited May 21, 2020 by ThailandRyan 4 2 Link to comment Share on other sites More sharing options...
Andrew65 Posted May 21, 2020 Share Posted May 21, 2020 1 minute ago, Grumpy John said: OK, 6000 people is a substantial chunk of the workforce...but is that going to be across the board or just some of the workers at the bottom? Lots of their cabin crew look like they must have been working there 20-30 years. Unlike Air Asia, beautiful young ladies! 2 Link to comment Share on other sites More sharing options...
sahibji Posted May 21, 2020 Share Posted May 21, 2020 39 minutes ago, ezzra said: Hopefully some of them will of the indifferent, aloof and oh' not so young anymore cabin crew... and why on earth are they always lugging these huge suitcases even on a single overnight trip i could never understand... somebody just posted about goods being smuggled into the country by the staff. how far that is true no one knows for sure, other than the staff involved, of course. 2 Link to comment Share on other sites More sharing options...
sahibji Posted May 21, 2020 Share Posted May 21, 2020 38 minutes ago, Canuck1966 said: What a loss of face for Prayut ???????? the national image should be of greater concrn. 1 Link to comment Share on other sites More sharing options...
Popular Post Orton Rd Posted May 21, 2020 Popular Post Share Posted May 21, 2020 5 minutes ago, sahibji said: sad to see Thai airways headed that way. it is a good airline. No it's not that is why it's where it is now 17 4 Link to comment Share on other sites More sharing options...
scorecard Posted May 21, 2020 Share Posted May 21, 2020 2 minutes ago, sahibji said: somebody just posted about goods being smuggled into the country by the staff. how far that is true no one knows for sure, other than the staff involved, of course. So what's your guess? 1 Link to comment Share on other sites More sharing options...
mike787 Posted May 21, 2020 Share Posted May 21, 2020 All will be ok...nothing a gofund can't help. 1 Link to comment Share on other sites More sharing options...
nausea Posted May 21, 2020 Share Posted May 21, 2020 They'll be brushing up on their language skills, no doubt. A few thousand passable English speakers pushed into the workforce might not be a bad thing. Link to comment Share on other sites More sharing options...
Popular Post Ranshoko Posted May 21, 2020 Popular Post Share Posted May 21, 2020 Good News indeed. Time to get rid of some of those stuck up pseudo HISO cabin crew. The ones that used to sit on their ass€s most of the time during long haul flights. Second income smuggling goods will go as well as all the free flights. I used to be a Platinum Member of Thai traveĺling around Asia on business. No sympathy for them. Very very lazy condescending people. Thai Airways not a patch on the Middle Eastern carriers in my view. I wouldn't mind betting it's the younger, good looking cabin crew working hard at the back of the plane that get fired The older lazy hags will likely keep their jobs. I'm glad Thai Airways doesn't owe me money for canceled flights ...... 7 2 1 Link to comment Share on other sites More sharing options...
OJAS Posted May 21, 2020 Share Posted May 21, 2020 1 hour ago, webfact said: The Cabinet decided to push THAI into a bankruptcy procedure under the Bankruptcy Act BE2483 (AD1940) A move which will no doubt ensure that those of us booked on THAI flights which have subsequently been cancelled (like mine to Paris in the early hours tomorrow) can now kiss goodbye to any chance of refunds, ticket validity extensions, vouchers, etc. ???? 2 4 Link to comment Share on other sites More sharing options...
Popular Post Grumpy one Posted May 21, 2020 Popular Post Share Posted May 21, 2020 1 hour ago, ezzra said: Hopefully some of them will of the indifferent, aloof and oh' not so young anymore cabin crew... and why on earth are they always lugging these huge suitcases even on a single overnight trip i could never understand... Beauty aides, most of the staff really need a ton of it 2 1 Link to comment Share on other sites More sharing options...
fruitman Posted May 21, 2020 Share Posted May 21, 2020 41 minutes ago, ThailandRyan said: It was so they could shop for goods overseas and bring them back here to sell and make a profit. Secondary income. Do you not remember the 3 female attendants who were nailed by customs not that long ago.... We always order a lot from them, and so do all our friends...we will miss it. 1 Link to comment Share on other sites More sharing options...
Popular Post Colabamumbai Posted May 21, 2020 Popular Post Share Posted May 21, 2020 Was a nice airline, in 1970. 1 4 Link to comment Share on other sites More sharing options...
Colabamumbai Posted May 21, 2020 Share Posted May 21, 2020 37 minutes ago, Andrew65 said: Lots of their cabin crew look like they must have been working there 20-30 years. Unlike Air Asia, beautiful young ladies! Working there since 1970. 1 1 Link to comment Share on other sites More sharing options...
Colabamumbai Posted May 21, 2020 Share Posted May 21, 2020 41 minutes ago, Grumpy John said: OK, 6000 people is a substantial chunk of the workforce...but is that going to be across the board or just some of the workers at the bottom? There all at the bottom. Take they up high give them parachutes, throw them out. 3 Link to comment Share on other sites More sharing options...
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