webfact Posted April 22, 2014 Share Posted April 22, 2014 Debt-Ridden Thai Airways To 'Cut 5,000 Staff'By Khaosod English BANGKOK — Facing huge financial losses, Thai Airways is slated to "encourage" 5,000 of its employees to resign in order to save operational costs, the director airline said.Calls for Thai Airways to either privatise or drastically reform its structure have grown steadily in recent months as the state-owned national airline continues to post massive losses in revenue.Chokchai Panyayong, President of Thai Airways International, told Matichon yesterday that airline executives have decided to downsize the company’s staff, chiefly by encouraging employees to resign or accept early retirement. These employees will receive a compensation package for their "voluntary cooperation," said Mr. Chokechai.Mr. Chokechai said he expects the policy to help free up as many as 5,000 positions, but stressed that the cut will not be taken in an across-the-board manner."The adjustment will consider ability, age, and number of employees," Mr. Chokechai explained. "If a certain unit has too many employees, there must be cuts [in that unit]."According to Mr. Chokechai, the airline has been facing bleak business prospects for the past few months: the number of incoming passengers has decreased, particularly those from China and South Korea, and Thai Airways has been unable to compete with private airline companies that have begun a fierce price-cutting race to draw customers.Although the Emergency Decree in Bangkok was lifted last month, the number of tourists arriving in Thailand has not significantly increased, the Thai Airways president said.Mr. Chokechai said these disadvantages have caused the airline to lose 30 million more baht in revenue than expected. He did not specify the total amount of loss.Nevertheless, Mr. Chokechai said he remains optimistic that the company may experience positive changes once the political crisis is resolved."We may even manage to make small profit at the end of this year," Mr. Chokechai said.Source: http://en.khaosod.co.th/detail.php?newsid=1398156797 -- Khaosod English 2014-04-22 Link to comment Share on other sites More sharing options...
chainarong Posted April 22, 2014 Share Posted April 22, 2014 Well in all fairness ,no use applying at QANTAs, five thousand in staff cuts is an enormous amount for the people at Thai Airways to handle , one hopes that safety is not compromised with cut backs , always in these circumstances you need to Question the management to allow the extra five thousand in the first place. 2 Link to comment Share on other sites More sharing options...
Popular Post PatOngo Posted April 22, 2014 Popular Post Share Posted April 22, 2014 How long before the inflight meal is reduced to 1 banana per passenger? 4 Link to comment Share on other sites More sharing options...
Popular Post worgeordie Posted April 22, 2014 Popular Post Share Posted April 22, 2014 It needs to be from the top, downwards for this to work,too many jobs for the boys,family,or just knowing someone that works there,they need to start staffing with people who know the job, not who they know to get the job. all the hangers on with the free flights and upgrades,needs now to be run professionally, and thats not going to be an easy task regards worgeordie 7 Link to comment Share on other sites More sharing options...
Popular Post tezzainoz Posted April 22, 2014 Popular Post Share Posted April 22, 2014 Maybe look at your fare structure and service 4 years ago would not fly with any one else but Thai as it was non stop from Australia to Bkk Now because of over priced flight and bad service I put up with the stop over in KL or Singapore They lost my family, how many other no longer prepared to waste money on this airline 5 Link to comment Share on other sites More sharing options...
rreddin Posted April 22, 2014 Share Posted April 22, 2014 It needs to be from the top, downwards for this to work,too many jobs for the boys,family,or just knowing someone that works there,they need to start staffing with people who know the job, not who they know to get the job. all the hangers on with the free flights and upgrades,needs now to be run professionally, and thats not going to be an easy task regards worgeordie So Thai Airways International has had a dose of reality. It was a long time coming. I would have hoped that they cut the freebies before they cut jobs, but in reality both have to be reduced. That however, is not the entire solution. The airline has to be run professionally and profitably. If the existing executives cannot do that, they should be replaced and the airline put into the privare sector. 2 Link to comment Share on other sites More sharing options...
ChrisY1 Posted April 22, 2014 Share Posted April 22, 2014 With the dithering around that Thais are reknown for.....by the time a solution is close to being reached ...it'll be too late.....and there'll be no money left!.... And with a caretaker government running the show...it could crash sooner than later....use your FF miles!! Link to comment Share on other sites More sharing options...
Popular Post Ricardo Posted April 22, 2014 Popular Post Share Posted April 22, 2014 Fire employees if you need to, but starting with a nominal third of Board-level hangers-on, and ban all free-flights for anybody-at-all ! 6 Link to comment Share on other sites More sharing options...
The stuttering parrot Posted April 22, 2014 Share Posted April 22, 2014 Age? Glad to see there's no discrimination at thai airways! Wouldn't like to be one of the seniors in their units facing an uncertain future. 1 Link to comment Share on other sites More sharing options...
Torkmada Posted April 22, 2014 Share Posted April 22, 2014 (edited) I guess Suthep will now award himself a golden whistle for nearly bankrupting the national airline. He is the only Thai that is a bigger loser than Abhisit. Well done! Peanut. Edited April 22, 2014 by Torkmada 2 Link to comment Share on other sites More sharing options...
metisdead Posted April 22, 2014 Share Posted April 22, 2014 A post in violation of this forum rule has been removed: 1) Do not express disrespect of the King of Thailand or anyone else in the Thai royal family, whether living or deceased, nor to criticize the monarchy as an institution. Speculation, comments and discussion of either a political or personal nature are not allowed when discussing HM The King or the Royal family. Discussion of the lese majeste law or lese majeste cases is permitted on the forum, providing no comment or speculation is made referencing the royal family. To breach this rule will result in immediate ban. This rule also applies to links to external websites. Link to comment Share on other sites More sharing options...
leggo Posted April 22, 2014 Share Posted April 22, 2014 It needs to be managed but as we all by now this country doesn't know how to do this. Privatise immediately and get rid of the free loaders,get competitive and get real. It's the last airline I would use to fly Bangkok to London and I used to fly only Thai , problem is that they have completely lost the plot! Sent from my i-mobile IQ 2 using Thaivisa Connect Thailand mobile app 1 Link to comment Share on other sites More sharing options...
Bluespunk Posted April 22, 2014 Share Posted April 22, 2014 I guess Suthep will now award himself a golden whistle for nearly bankrupting the national airline. He is the only Thai that is a bigger loser than Abhisit. Well done! Peanut. Nope. This situation has been a long time in coming. 1 Link to comment Share on other sites More sharing options...
Popular Post WhizBang Posted April 22, 2014 Popular Post Share Posted April 22, 2014 How about the entire board of directors resign and true businessmen, with a working knowledge of airline operations, and no connection to any politicians be assigned to run the airline? Then, and only then, might Thai Air become viable again. 7 Link to comment Share on other sites More sharing options...
Gunna Posted April 22, 2014 Share Posted April 22, 2014 I guess Suthep will now award himself a golden whistle for nearly bankrupting the national airline. He is the only Thai that is a bigger loser than Abhisit. Well done! Peanut. Take you one eyed rose tinted glasses off - The airline was profitable a couple of years ago, but the PT wanted one of their guys in the top job and ever since he took over it has been losing money, ie well before Suthep 1 Link to comment Share on other sites More sharing options...
GentlemanJim Posted April 22, 2014 Share Posted April 22, 2014 <script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script> How about the entire board of directors resign and true businessmen, with a working knowledge of airline operations, and no connection to any politicians be assigned to run the airline? Then, and only then, might Thai Air become viable again. ooousa! You'll go to hell for that one! Link to comment Share on other sites More sharing options...
Bel Mondo Posted April 22, 2014 Share Posted April 22, 2014 All these Educated, English-speaking Thai staff, now out of job?. Such a waste of high-end talent! Thais are such well-educated, responsible employees. Guess this is why more and more Filipinos and Malaysians are getting all the hotel jobs and hospital jobs since the AEC is just around the corner. Well, I guess the Pattaya Go-Go's and Beer Bars will have no shortage of new employees. 1 Link to comment Share on other sites More sharing options...
samtam Posted April 22, 2014 Share Posted April 22, 2014 (edited) It needs to be managed but as we all by now this country doesn't know how to do this. Privatise immediately and get rid of the free loaders,get competitive and get real. It's the last airline I would use to fly Bangkok to London and I used to fly only Thai , problem is that they have completely lost the plot! Sent from my i-mobile IQ 2 using Thaivisa Connect Thailand mobile app as long as they haven't lost the pilot...through their job cuts. Mr. Chokechai said these disadvantages have caused the airline to lose 30 million more baht in revenue than expected. He did not specify the total amount of loss. why can't he specify the amount of the losses? doesn't he know? perhaps that's why there's a problem at THAI. Edited April 22, 2014 by samtam Link to comment Share on other sites More sharing options...
Mentors Posted April 22, 2014 Share Posted April 22, 2014 I would not be surprised if THAI would be grounded in the nearer future and passengers will be stranded all over the world. Link to comment Share on other sites More sharing options...
seabass69 Posted April 22, 2014 Share Posted April 22, 2014 Maybe look at your fare structure and service 4 years ago would not fly with any one else but Thai as it was non stop from Australia to Bkk Now because of over priced flight and bad service I put up with the stop over in KL or Singapore They lost my family, how many other no longer prepared to waste money on this airline They lost your family? I know tickets for a seat on THAI are stupidly expensive, but you shouldn't put valuables in your check-in luggage. I hope they turn up soon 2 Link to comment Share on other sites More sharing options...
bigbamboo Posted April 22, 2014 Share Posted April 22, 2014 How long before the inflight meal is reduced to 1 banana per passenger? And with the staff cuts those Thai trolley dollies are going to have to spread themselves around more than ever. 1 Link to comment Share on other sites More sharing options...
JoeThePoster Posted April 22, 2014 Share Posted April 22, 2014 Does this mean I will no longer have 3 minions hovering around me at the coffee machine in the ROP lounge telling me to "pret thit buttun"? 2 Link to comment Share on other sites More sharing options...
transam Posted April 22, 2014 Share Posted April 22, 2014 It needs to be from the top, downwards for this to work,too many jobs for the boys,family,or just knowing someone that works there,they need to start staffing with people who know the job, not who they know to get the job. all the hangers on with the free flights and upgrades,needs now to be run professionally, and thats not going to be an easy task regards worgeordie From the TOP, thats blasphemy........... Link to comment Share on other sites More sharing options...
PaullyW Posted April 22, 2014 Share Posted April 22, 2014 How long before the inflight meal is reduced to 1 banana per passenger? And with the staff cuts those Thai trolley dollies are going to have to spread themselves around more than ever. And spread they will do. Few of em live in m'building. I suspect the market price of bjs will face some downward pressure 1 Link to comment Share on other sites More sharing options...
55Jay Posted April 22, 2014 Share Posted April 22, 2014 Sure, the tip of the whip eventually comes around and whips you in the arse. It's not welfare so cut out fraud, waste and abuse. Then bring your prices in line with relevant competition (you ain't 5 star baby), get bums in seats and build your reputation back up. Will take time. Years. Eventually, you can pull through. Or don't, be a welfare case and suck eggs. I would love to fly Thai but I fly everybody else except Thai, just because of price and product. 1 Link to comment Share on other sites More sharing options...
PaullyW Posted April 22, 2014 Share Posted April 22, 2014 And stop with the disgusting ladyboys as FAs Link to comment Share on other sites More sharing options...
Johpa Posted April 22, 2014 Share Posted April 22, 2014 As others have noted, Thai Airways provides far too many complimentary flights to higher ranking RTAF and other government officials who feel the free flights confirms their sense of self-importance. In addition to free airfare, many of these same people go way overboard on luggage, especially on international flights where they declare the same exulted status for their multitudes of luggage that go through Thai customs without a glance. And then there is the constant delays and cancellations of flights related to <hrmmmph, guffaw, ummmm, nanu nanu>. Bottom line is that Thai Airways should be privatized and removed from the yolk of government corruption. Link to comment Share on other sites More sharing options...
Thai at Heart Posted April 22, 2014 Share Posted April 22, 2014 Wow. 5000 employees. That is an enormous amount of people. Link to comment Share on other sites More sharing options...
englishoak Posted April 22, 2014 Share Posted April 22, 2014 I will bet there are a few people making calls to daddy and flicking through the little book of contacts to assure they arnt one of the "cuts" 1 Link to comment Share on other sites More sharing options...
Noi657 Posted April 22, 2014 Share Posted April 22, 2014 THAI is the perfect example that being more expensive doesn't represent better quality! Link to comment Share on other sites More sharing options...
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