Local airline company Malindo Air is offering its employees a voluntary separation scheme (VSS) after claiming that it failed to secure any loan or guarantee from the government to retain its operation.
A source told Malaysiakini that the VSS offer was made on May 29, through a company's memorandum to all of its employees.
Malindo Air has about 5,000 employees.
"Those who would like to volunteer can apply for it (the VSS) from June 1 to June 15 through their respective department head or the human resources department," the source said.
Malaysiakini has sighted the memorandum, which also mentioned the airline's financial crisis.
"The company has taken numerous steps to reduce the impact of Covid-19 outbreak against the company.
"However, due to the prolonged crisis and insufficient support from the government to provide us with any form of a loan or guarantee to retain the business, we now have no choice but to initiate VSS," the memorandum reads.
Malaysiakini has also contacted Malindo Air for further comments.
In the memorandum, Malindo Air had also explained its ailing financial position, which had been tremendously affected since the last five months, with no indicator to show that it would recover in six to 12 months.
It added that the reduction of fleets by 50 percent has deemed the number of employees excessive.
Currently, the company has 44 fleets in total.
For the record, Malindo Air previously produced three internal memoranda on Feb 7, Feb 19, and Feb 28.
The first and second memoranda were about the initiative to cut cost.
The third one was on an unpaid leave programme for all of its employees. - Mkini
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