Malaysia Airlines to shed 6,000 jobs after disasters

The Malaysia Airlines is to cut 6,000 staff as part of a recovery plan after being hit by two disasters this year, reports BBC.
The reduction in staff numbers represents around 30 per cent of its workforce of 20,000.
The airline will become completely state-owned, and a new chief executive will eventually be put in place.
Investigators continue to hunt for flight MH370, the Kuala Lumpur to Beijing flight, which went missing in March.
The MH17 air crash in eastern Ukraine is also under investigation. The plane was shot down on July 17, with the loss of all 298 people on board.
The recovery plan will cost about 6 billion Malaysian ringgits (£1.1bn, $1.9bn).
Khazanah Nasional, the state investment company that owns a 69 per cent stake in the troubled firm, will take 100 percent ownership.