Malaysia Airlines is bankrupt, but will be resurrected as a new company. 20,000 employees are dismissed, and 6,000 of them are not offered jobs in the new company.
The airline's chief Christoph Mueller is stating that the company is "technically bankrupt".
The airline was in 2010 and 2011 voted the world's best airlines to Asia by World Travel Awards, but has since struggled with poor results. Last year it went from bad to worse when the company suffered from two serious accidents.
In March last year a flight disappeared from Kuala Lumpur on its way to Beijing. And in July, a flight from Amsterdam was shot down over eastern Ukraine.
The 14,000 employees who have been dismissed, but who are offered jobs in the new company, have twelve days to respond to the new job offer.
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