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Thai Airways gives early retirement to 1,900 staff to save costs

National flag carrier seeks ways to preserve cash during court-led rehabilitation

Thai Airways has also offered staff six months of leave when they can be paid 20% of their usual salary.(Photo by Akira Kodaka) 

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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