Survival mode: AirAsia PH to slash manpower by 12% | Bilyonaryo Business News
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Survival mode: AirAsia PH to slash manpower by 12%

AirAsia Philippines is letting go 12% of its workforce as part of cost-cutting measures to ensure the future of the company amid a dramatic downturn in business due to the coronavirus pandemic.

The coronavirus pandemic has decimated demand for air travel which is seen not to return to normal in the near-term.

Controlled by business magnate Mikee Romero, AirAsia Philippines is set to lay off 264 workers out of its 2,200 manpower.

“The aviation industry has been hit hard by the COVID-19 pandemic. Air Asia Philippines is not an exception to this,” the no frills airline said in a statement.

“Despite all our efforts to curb the effects of the pandemic, AirAsia has made the difficult decision of reducing the company’s workforce but has done everything to keep the number of affected to a minimum, totaling 12% of all Filipino Allstars,” said AirAsia Philippines, a member of Southeast Asia’s biggest low cost carrier AirAsia Group.

The Malaysian-based AirAsia Group which has operations in Thailand, Indonesia, Philippines, Japan and India, also announced plans to trim workforce by up to 30% as well as slash staff salaries.

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