Sheer over reaction or gross incompetence in the management of the situation considering the fatalities from the virus are only in double figures. Cannot believe they can ignore the tourist yuan for much longer, the others nationalities are insignificant in comparison to the Chinese market.
By doing that makes it not a state enterprise anymore. The government us slowly washing its hands of it, letting the other share holders take more responsibility.
It need complete restructuring, someone probably an experienced foreigner who will be impartial and apolitical but the Thais won't stand for that. It can be turned around but major surgery is required and a free hand given to whoever they bring in.