Malaysia Airlines slashes 6,000 jobs in major restructuring

Malaysia Airlines has cut 6,000 jobs as part of a wide-ranging overhaul that follows the loss of two aircraft earlier this year.

State investor Khazanah, which owns nearly 70% of the carrier, revealed the 30% workforce reduction on Friday. Khazanah also announced the creation of a new corporation that will absorb the majority of the carrier's assets.