⁍ Hong Kong’s Cathay Pacific Airways Ltd said it would cut 5,900 jobs and end its regional Cathay Dragon brand.
⁍ The restructuring will cost HK$2.2 billion ($283.9 million) and the airline will also seek changes in conditions in its contracts with cabin crew and pilots.
⁍ Overall, it will cut 8,500 positions, or 24% of its normal headcount, but that includes 2,600 roles currently unfilled due to cost reduction initiatives.
– Hong Kong’s Cathay Pacific Airways is cutting 5,900 jobs—about a quarter of its workforce—in the wake of the H1N1 virus, Reuters reports. The airline says it will also cease flying its regional Cathay Dragon brand. The H1N1 outbreak has caused a severe drop in demand for air travel in Hong Kong and China. The company says it will also seek changes in its contracts with cabin crew and pilots.
Source: https://www.reuters.com/article/cathay-pacific-layoffs/cathay-pacific-to-cut-5900-jobs-end-cathay-dragon-brand-due-to-pandemic-idUSL4N2HB2TT