BANGKOK -- Thai Airways International is to cut around 10% of its workforce from December after more than 1,900 staff signed up for an immediate early retirement scheme designed to cut costs and preserve cash at the ailing national carrier.
A further 2,700 staff applied to have six months of paid leave, meaning their salaries will be reduced to 20% of usual levels from November to April. When the period ends they will have a choice of continuing to work or applying for another immediate retirement program.
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