Monday, February 24, 2014
Malaysian Airlines is in the news again. For the wrong reason. RM1.173 billion losses. For 2013 financial year. Bola tanggung. I told you so, says Tony Fernandes.
There is a strong resistant to changes inside MAS. There are 8 staff unions. Getting their buy-ins are not easy. One possible, drastic solution available. Massive voluntary separation scheme, with specific target group identified. Lure the recalcitrant employees with attractive separation packages. And a firm political commitment will definitely helps.
Otherwise, MAS will continue to become the mockery of the weak financial strategic management.
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