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Malaysia Airlines to cut 6,000 workers as part of $1.9-billion overhaul

Malaysia Airlines will cut 6,000 workers as part of a $1.9-billion overhaul announced Friday to revive its damaged brand after being hit by double passenger jet disasters. The staff reduction represents about 30% of the airline's current workforce of 20,000. A search for a new chief executive is underway, but there is no move to change the airline's name, which some branding experts had said was necessary for a successful makeover. Khazanah Nasional, the state investment company that owns 69% of the airline, said the overhaul includes the establishment of a new company that will take over the existing Malaysia Airlines business and its reduced staff. The revamp and new...

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