Cabinet tells THAI to slash more costs
Execs' remaining perks face the axe
Thili Alrways International (THAI) is being ordered to cut more costs, espe-cially any remaining perk offered to its esecutives Transport Minister A said yesterday coal slashing measures are the reached plan for all state enterprises to submit a generate more and aid innomn the minister The cabinnt has alan set a 30-day deadline for state enterprises to eubmit their plans, particularly THAI, which also florils a financial rehahilitatinn plan to tackle its substantial losses Mr Two other statemterprives lacing the uanir late as THAI are the bangkok Ma Transit Authority and the State Kailway of Thailand, he said. Aside from the rehabilitation plan THAlisals required with an organisational retructuringplan he said. current arganisational struntate of THAI was found to be inappropriate for is stall nutiters and their workiespun THAI is large organisatien with a huge cost burden comprising gigan tic perks offered high level execu thes who bowrvet, were found to have ridiculously low responsibilities" said Despite a pomvious ofthn in which more thati 77onc were teshuffled, nLAlhad so fat be said That was why the previous needed be reviewed to find new boost the financialposition However, the minister sald the high salaries and work benefits of high-level executives and board members do not constitute the main facing the national carrier Citing a report by the Office of the Audior General, be said that over the first half of this year, THAI board mem bers had received almost nothing when came to perks. They no longer receive free air tick ets which they used to getl. All they get now are meeting allowances that do not amount to that osuch Mr Arkhom said. According to the minutes of THAI's annual plenarysession on April2,2014. THAI decided to stop giving its board members their usual return tickets on international routes each year This nweans they only now receive 10 return tickets on domestic routes a year Ms for the monthly salaries and meet- ing allowances of board membets and managing executives, the minutes show they currently receive 50.000 baht each a month plus a fixed meeting allowance of 0.000 baht per person per month The board chairman receives a 25% higher meeting allowances than other board members while the deputy board chairmen get 12 S's more, according to Even in months when they do not have a meeting to attend, they still get the allowances, the minutes said. MrArkhomalsonised questions over why the THA president, who is paid about 900,000 baht a ininth, has to hire foreign adviser for 10.5 million