MAS changes tack, deep cost cutting main thrust

Tan Sri Azman Mokhtar, Managing Director of Khazanah Nasional Berhad warned the pain of restructuring would be felt across the board for the six billion ringgit plans to spend to save MAS. As the MAS major shareholder Khazanah wants all its conditions met, these include renegotiating all "one-sided" contracts, downsizing of the workforce by 30% and streamlining the long routes.

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