The former president of Thailand’s flag carrier Thai Airways International (THAI) has filed suit at the Central Labour Court in Bangkok charging that the company’s board unfairly removed him as president and chief executive officer, and is seeking compensation of Bt10 million or reinstatement.
board of directors resolved on May 21, with 12 of its 13 members voting, to
terminate Piyasvasti Amranand’s employment contract, effective this month, and
to compensate him with six months of his then current salary. The compensation
was estimated at Bt6 million.
communication problems as the main reason, board chairman Ampon Kittiampon
explained that the panel made its dismissal decision despite Mr Piyasvasti
passing his performance assessment with a high score.
said that the main reason for petitioning the court is that he wants the state
enterprise to have a high standard and good governance, particularly because
THAI is a listed company.
He said that
the THAI board citing communication problems and the differences regarding the
procurement of new 38 aircraft as reasons for his contract termination were not
clear enough because his key performance indicator (KPI) evaluation was 87 per
cent and that THAI profits were Bt3.6 billion during the 1st quarter of 2012.
He could not confirm whether there was political
motivation involved in his removal, but the THAI board chairman himself must
clarify the decision to the public, otherwise reinstate him to his former
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