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Malaysia Airlines cutting back on its workforce

Updated: Saturday, August 30 2014, 09:35 PM CDT
    Malaysia Airlines is slashing jobs.
    6000 jobs, a 30% reduction of its workforce.
    It's part of an overhaul after two major disasters this year.
    The government owns 70% of Malaysia Airlines.
    It plans to purchase the rest and take the company private.
    The airline was in trouble even before this year's tragedies.
    It reported a 97 million dollar loss last quarter, and has been losing money for several years.
Malaysia Airlines cutting back on its workforce


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