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Cathay to slash staff costs by 30% after loss

Published Fri, Mar 17, 2017 · 09:50 PM

Hong Kong

HONG Kong's troubled flagship airline Cathay Pacific said on Friday that it would slash staff costs by 30 per cent as part of a major overhaul as it struggles to repair its bottom line.

The announcement came two days after the company posted its first annual net loss in…

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