Very tough times for airlines
KUALA LUMPUR: Malindo Air has launched a retrenchment exercise ranging from termination to a year's unpaid leave for 2,647 employees, the human resources ministry said on Wednesday, as the coronavirus pandemic batters the aviation industry.
Reeling from a slump in demand in the wake of travel curbs, the Malaysian arm of Indonesia's Lion Air had already ordered a 50% pay cut and unpaid leave for staff in March.
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