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5,000 THAI Employees Apply for Buy-Out Retirement

Thai Airways Thailand Airline Bangkok Airport Suvarnabhumi Airplane

Almost 5,000 Thai Airways International employees applied for different stages of the bankrupt airline’s “mutual separation plan” that will see them resign with a buyout package.

Acting THAI President Chansin Treenuchagron said the airline offered the MSP to its staff because it had been loss-ridden and the impacts of the coronavirus pandemic caused it to undergo rehabilitation.

Cargo and repatriation flights, food services from its catering department and the sales of THAI souvenirs could not make up for lost revenue from the stalled passenger service.

The airline management invited early retirement applications from Oct. 19-28. During the period, 1,918 employees applied to retire on Dec 1; 2,699 employees wanted to leave with 20 percent salary payment for six months from November-April and would later apply for early retirement; and 360 employees applied for both choices.

The applicants contributed to the survival of the airline, Chansin said. The airline employs about 20,000 people.