Tuesday, May 23, 2006

Mutual Seperation Scheme at MAS

The last time I did a Voluntary Seperation Scheme at my company, it cost me RM50,000 in total. It was done in two round, with the first costing me RM20,000.00 and the second one another RM30,000.00

When Malaysia Airlines announced their Mutual Seperation Scheme, it will cost them approximately RM800 million plus, with an estimated 3,000 to 5,000 staff involved. With between one to three months pay for each year of service, one off medical benefit payment, annual leave buy back, 12 month hospitalization benefit and complimentary ticket, it certainly was very much more attractive than what I offered.

The union leader was quoted on TV to be not very pleased with the offer, saying that they were requesting for total compensation of RM1.2 billion. However, he was quick to add that ".. ini sahaja yang syarikat mampu..."

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