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Vietnam Airlines to slash wages in half to fill financial hole

Flag carrier cuts costs as it requests $517m government bailout

Vietnam Airlines projects a $646 million loss this year due to the grounding of international flights.   © Reuters

HANOI -- Vietnam Airlines plans to reduce the wages of flight staff by roughly half this year as part of a cost-cutting campaign to win a government bailout that would cushion the financial distress caused by the global pandemic.

The average monthly wage of pilots will drop by 52% to 77 million dong ($3,320), according to local media reports. Flight attendants and ground crew will incur a 48% and 45% cut, respectively.

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