Thursday 22 August 2019

Cathay Pacific to axe 600 jobs in major restructuring

HONG KONG, May 23, 2017

Cathay Pacific announced on Monday (May 22) that it will be cutting 600 jobs - its biggest headcount reduction in 20 years.

In a statement released by the airline, Cathay Pacific announced that the workforce restructuring would affect senior, middle management and non-managerial roles.

Rupert Hogg, chief executive officer, Cathay Pacific, said: “We have had to make tough but necessary decisions for the future of our business and our customers. Changes in people’s travel habits and what they expect from us, evolving competition and a challenging business outlook have created the need for significant change."

The cut will affect around 190 management and 400 non-managerial roles, representing 25 per cent of management and 18 per cent of non-managerial positions respectively.

No frontline employees, pilots or cabin crew will be affected by the restructuring but will be asked to deliver greater efficiencies and productivity improvements, in line with the rest of the organisation, the airline confirmed. - TradeArabia News Service

Tags: job | cut | big | Pacific | Cathay | Hong | Kong |

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