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KUALA LUMPUR (Oct 22): Malaysia Aviation Group (MAG) has offered an early retirement and voluntary separation (VSS) plan for employees as negotiations continue with creditors and lessors on Malaysia Airlines Bhd (MAB) restructuring plans. ).
The MAG Early Retirement Application Form, which was seen by Bernama, is aimed at employees across the board, including its subsidiaries MAB, MASwings, MAB Kargo, AeroDarat Services, Firefly, Hijrah Biru, and MAB Academy.
The exercise is intended for Malaysia-based employees 45 years of age or older who have continuously served the company for a minimum of 10 years, including years of service with the Malaysia Airlines group.
Commenting on the move, the chairman of the National Union of Flight Attendants of Malaysia, Ismail Nasaruddin, said the decision was deemed “fair” in light of the extreme decision by other airlines to downsize all operations before offering any plans to separation or compensation.
He said the offer had been made and it was now up to the employee whether or not to accept the offer.
“They (MAG) are not paying much; the offer is only for three months’ salary.
“If the outcome of this offer does not match the numbers you are seeing, then more drastic measures can be implemented, such as layoffs or downsizing,” he told Bernama based on information gathered from internal sources at MAG.
Ismail believes that the downsizing compensation would likely offer less than what had been offered in the scheme, and around 50% of MAG’s employees are eligible for the offer, including those transferred to the group during the previous corporate restructuring. .
As for the MAB, it still has a workforce of 12,000 despite facing the challenges of the pandemic that caused the airline and the industry as a whole to suffer from weak demand.
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