THAI to cut 1400 jobs, suspend flights to USA

[TheAppletons]

BANGKOK (Reuters) - Thai Airways International Pcl <THAI.BK> plans to cut 1,401 jobs through voluntary retirement this year and suspend its loss-making flights to Los Angeles and Rome as it pushes ahead with a restructuring plan, its president said on Sunday.

Thailand's national carrier aims to reduce operating costs and capacity by 20 percent under the two-year plan, which also calls for aircraft sales and a reduction in staffing.

The firm is one of several state-controlled companies that the military government has targeted for reform since seizing power in May 2014.

The flight suspension will reduce Thai Air capacity by 5 percent, President Charumporn Jotikasthira told Reuters in a telephone interview. The company aims to cut capacity by 15 percent during the second of 2015.

http://finance.yahoo.com/news/thai-airways-cut-1-401-jobs-suspend-flights-111009109--finance.html

[angsta]

Hey guys it's state controlled...what's the worst that can happen? ?

[roamer]

"The firm is one of several state-controlled companies that the military government has targeted for reform since seizing power in May 2014"

Would that include removing all the military and their families that occupy business and first class ?

[marcusd]

Reduce capacity by 15 % later and then another 85% as we cannot compete with old tired staff and aircraft... and services that keep diminishing