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  1. #1
    Thailand Expat misskit's Avatar
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    THAI to cut executive pay for 6 months

    Thai Airways International (THAI) will cut salaries and other allowances of executives by 15-25% for six months from March 1 to alleviate losses from the impact of Covid-19 outbreak.


    THAI president Sumeth Damrongchaitham said on Tuesday that the outbreak of coronavirus disease 2019 or Covid-19 in several countries has eroded confidence in travel and this caused the number of passengers to drop during this period.


    The airline has reduced flights on several routes, particularly to China with flights cut by 50%, and Japan with flights reduced by 10% to cut costs.


    THAI will soon issue an announcement to cut salaries and travel allowances of executives by 15-25% for six months, effectively on March 1, said the airline president.

    THAI to cut executive pay for 6 months

  2. #2
    Thailand Expat TheRealKW's Avatar
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    Quote Originally Posted by misskit View Post
    Thai Airways International (THAI) will cut salaries and other allowances of executives by 15-25% for six months
    And that will save how much?

  3. #3
    Thailand Expat cyrille's Avatar
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    Dunno, but if they're finally doing this they've gotta be soooo screwed.

  4. #4
    Thailand Expat TheRealKW's Avatar
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    Quote Originally Posted by cyrille View Post
    Dunno, but if they're finally doing this they've gotta be soooo screwed.
    That's what I was thinking, either that or their executives are soooo overpaid they can afford to 'sacrifice' 25% for 6 months.

  5. #5
    I am no longer a Hostage

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    Quote Originally Posted by TheRealKW View Post
    That's what I was thinking, either that or their executives are soooo overpaid they can afford to 'sacrifice' 25% for 6 months.
    Soon they'll ask other employees to accept a minor cut of 5%.

    Cunning

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