Friday 29 Mar 2024
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KUALA LUMPUR (May 29): Corporate Development Centre (CDC) is partnering with government agencies to provide Malaysia Airline System Bhd (MAS) staff with free advice and consultation on matters such as financial planning, credit management and investments.

In a statement, CDC, which was created to support exiting MAS employees with their career transition beyond the national carrier, said it would be sharing efforts with the Credit Counselling and Debt Management Agency (AKPK) and MyAngkasa Amanah Bhd (MAAB) among others.

CDC chief executive officer (CEO) Shahryn Azmi said the information to be imparted will be beneficial to exiting MAS employees who will gain insights and knowledge that would help them in planning for their future.

“Our team is ready to support your career transition, whether it is finding a new job, setting up a business or planning for early retirement,” he said, calling on exiting MAS staff to register for the programme.

“All of our services are free and we want you to come to any of our facilities and speak to us so that we can help you to plan your next steps.

“With the support of our partners such as AKPK and MAAB, and more to come, there are a range of resources that we can provide exclusively for you,” he added.

AKPK CEO Azaddin Ngah Tasir said the free services are catered to help MAS employees to manage and strengthen their financial position.

MAAB CEO Ahmad Saruji Abdul Aziz said managing financials assets effectively is key to a secure financial future. “We are committed to supporting individuals in educating them to plan for their legacy,” he added.

It was reported on Monday that 20,000 employees of the national airline are expected to receive termination and re-employment letters in a matter of days, as MAS seeks to terminate its entire workforce to operate as a smaller airline with a regional focus.

About two-thirds of the 20,000 staff will reportedly be offered jobs with new conditions, while some will be offered short-term contracts in MAS.

This is part of MAS restructuring exercise to improve its financial standing, after posting losses for several years.

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