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  1. #1
    Thailand Expat harrybarracuda's Avatar
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    THAI staff angered by exec promotions

    Amazing Thailand.

    THAI staff angered by exec promotions
    Wife of board chairman among 60 appointed higher positions

    PUBLISHED : 10 OCT 2020 AT 04:00

    The Thai Airways International (THAI) workers' union protested against the appointment of the wife of the airline's board chairman to a higher position, saying it undermines trust in the beleaguered organisation.

    The workers' union yesterday issued a letter asking the company to reconsider the promotion of executives. The letter says the promotion has attracted flak and affected confidence in the company's management. There is no urgent need for the company to promote executives before it is restructured, the letter says. It adds that unity within the organisation is key to the success of its rehabilitation plan. The workers' union said the promotion also affected the confidence of the company's creditors and damaged its image as an ethical organisation.

    Acting THAI president Chansin Treenuchagron has defended the promotion of over 60 executives, among them Ponguma Didyasarin, the wife of the chairman of the board, saying the promoted executives were selected by a seven-member, high-level committee to replace those who retired last month. Ms Ponguma, a level-9 executive, has been promoted to an acting director on level 10. The president added the THAI board has no plan to dissolve its subsidiary Thai Smile Airways.

    THAI yesterday also held a staff meeting at its head office to clarify the rehabilitation process and other issues such as revenue generation during travel restrictions and early retirement. It will offer employees a voluntary resignation severance package this month. The nation's flagship carrier received court approval for its debt restructuring on Sept 14. The company, hard hit by the pandemic, had total liabilities of 332.2 billion baht at the end of June.
    THAI staff angered by exec promotions

  2. #2
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    aging one's Avatar
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    Thai will never learn. They are in administrative bankruptcy with their entire fate as an airline being discussed. But they still just have to tempt fate with just a little blatant nepotism. Hope this helps to shut them down. Then a new National carrier can arise from the ashes. One not dominated by corrupt dinosaurs.

  3. #3
    Thailand Expat lom's Avatar
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    promoted to a higher position before being made redundant?

  4. #4
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    Quote Originally Posted by lom View Post
    promoted to a higher position before being made redundant?

    Sounds like a good earner !!

  5. #5
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    Quote Originally Posted by harrybarracuda View Post
    total liabilities of 332.2 billion baht
    10 Billion USD?



    Christ on a bike.

  6. #6
    Thailand Expat tomcat's Avatar
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    Quote Originally Posted by aging one View Post
    Then a new National carrier can arise from the ashes
    ...same as the old national carrier...thainess uber alles...

  7. #7
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    Quote Originally Posted by aging one View Post
    One not dominated by corrupt dinosaurs.
    Hey selective quoting there TC...

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    Hansum Man! panama hat's Avatar
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    These all-too common things remind me of pigs at the trough - those close enough to the slob simply gorge themselves whenever they can

    Disgusting and stupid

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    Quote Originally Posted by Edmond View Post
    10 Billion USD?



    Christ on a bike.
    not to worry the gov.will be along shortly with a bail out.

  10. #10
    Thailand Expat
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    Quote Originally Posted by headhunter View Post
    not to worry the gov.will be along shortly with a bail out.
    HH the government did not bail them out this time. Its why they are in bankruptcy..

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    Quote Originally Posted by aging one View Post
    HH the government did not bail them out this time. Its why they are in bankruptcy..
    good enough for them A.O.i used thai for over 26yrs.always full,always top price,but the last time we flew with thai 2009 their 747's were in a state of repair,once considered compatable with singapore airlines as the best,so HOW THE HELL did they end up bankrupt.

  12. #12
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    Quote Originally Posted by lom View Post
    promoted to a higher position before being made redundant?
    Are they all on some old style final salary pension scheme? If so, promotion now will mean they can take early retirement on a higher pension for the rest of their lives.

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    Hansum Man! panama hat's Avatar
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    Quote Originally Posted by Shutree View Post
    Are they all on some old style final salary pension scheme? If so, promotion now will mean they can take early retirement on a higher pension for the rest of their lives.
    I think thats what's being alluded to here - well, that and pure unblemished pigs-at-the-trough-third-world-style greed

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    Quote Originally Posted by panama hat View Post
    I think thats what's being alluded to here - well, that and pure unblemished pigs-at-the-trough-third-world-style greed
    Snouts firmly in the trough. Which banks will be dumb enough to refinance this unprofessional bunch? Maybe AO is right, just let the whole shambles collapse, put it out of its misery and start again.

  15. #15
    Hansum Man! panama hat's Avatar
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    Quote Originally Posted by Shutree View Post
    Snouts firmly in the trough. Which banks will be dumb enough to refinance this unprofessional bunch?
    It was bad enough when it was more or less a state-run and owned business and the taxpayer absorbed all the rorts - investors wouldn't/shouldn't be as happy to feed the pigs

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    Quote Originally Posted by headhunter View Post
    good enough for them A.O.i used thai for over 26yrs.always full,always top price,but the last time we flew with thai 2009 their 747's were in a state of repair,once considered compatable with singapore airlines as the best,so HOW THE HELL did they end up bankrupt.
    I thought they restructured to avoid going bankrupt ?

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    Quote Originally Posted by Fondles View Post
    I thought they restructured to avoid going bankrupt ?
    Yes, I am a bit confused. The position seems to be that the company cannot meet its obligations so it is now in the bankruptcy court with a restructuring plan asking not to be declared legally bankrupt. Whether or not any plan can be written that is acceptable to the creditors and to the court remains to be seen.

  18. #18
    ความรู้ลึกลับ HuangLao's Avatar
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    Quote Originally Posted by aging one View Post
    Thai will never learn. They are in administrative bankruptcy with their entire fate as an airline being discussed. But they still just have to tempt fate with just a little blatant nepotism. Hope this helps to shut them down. Then a new National carrier can arise from the ashes. One not dominated by corrupt dinosaurs.
    ...and regal influencers.
    Historically, not a good business mix.

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