Perhaps the most emotive part of Idris Jala's business turnaround plan is the Mutual Separation Scheme, which is part of a drive to cut 6,500 of MAS' 21,000 staff by 2008. To date, 2,622 staff have taken voluntary redundancy – analysts describe the terms as "fairly lucrative" – while 411 are due to retire between now and December. Jala predicts a further 3,000 will depart over the next two years via normal attrition. "We wanted to do it in a humane way that was agreeable to all parties," Jala says.
October 09, 2006