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Thai Airways to halve workforce to become profitable by 2025

Rehab plan focuses on downsizing but falls short in new funding and debt relief

BANGKOK -- Thai Airways International announced on Tuesday that it would downsize its operations significantly by cutting 50% of its workforce and its aircraft in operation from 102 to 86 as part of a rehabilitation plan that it submitted to the Legal Execution Department in the Ministry of Justice earlier in the day.

The rehab process will see the airline's number of full-time employees reduced from 27,944 as it stood in 2019 to between 13,000 and 15,000. Efforts to redesign the organization and revamp compensation will bring the proportion of total flight revenues that are taken up by crew costs down from 23% to 13%, the carrier said.

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