Malaysia Airlines to Cut 6K Staff in $1.9B Overhaul

Malaysia Airlines will cut 6,000 workers as part of an $1.9 billion overhaul announced Friday to revive its damaged brand after a pair of jet disasters, the mysterious disappearance of MH370 in back March and July’s downing of MH17 over Ukraine, Reuters reported. A director with the state owned company that owns most of the airline cited "tragic events and ongoing difficulties" as contributing to a "perfect storm." There are no plans now to change the company's name, but a search for a new CEO for the airline is underway.

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