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Cathay Pacific to cut another 200 jobs, taking total to 800: SCMP

Tuesday, May 23, 2017 - 08:47

Cathay Pacific.jpg
Cathay Pacific Airways Ltd on Wednesday posted its worst first-half loss in at least 20 years, as it continued to lose customers to mainland Chinese competitors and booked higher costs related to fuel and restructuring.

[HONG KONG] Hong Kong's flagship carrier Cathay Pacific Airways Ltd plans to cut an additional 200 jobs on top of the 600 already announced as it seeks to return to profitability, the South China Morning Post reported on Tuesday.

The report came a day after Cathay said it was slashing the 600 jobs at its head office, comprising 25 per cent of management and 18 per cent of non-managerial positions, its biggest headcount reduction in almost two decades.

The 200 additional jobs to be cut would come from junior ranks before the conclusion of the massive restructuring at the end of this year, the newspaper said, quoting unnamed sources.

Cathay did not immediately respond to a request for comment.

The job cuts are the first step in a three-year reorganisation plan announced this year by the carrier.

REUTERS

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