CATHAY Pacific Airways on Wednesday said it will slash 8,500 jobs as part of a major restructuring to deal with ongoing woes brought on by the coronavirus pandemic.
Hong Kong’s flagship carrier will also eliminate Cathay Dragon as a separate unit for regional flights with immediate effect and divvy up its routes between its main Cathay Pacific brand and budget unit Hong Kong Express.
“[This] has been the most challenging year in Cathay Pacific’s history,” Chairman Patrick Healy said during an online news conference. “The future remains highly uncertain. This crisis is deeper and the road to recovery is slower and more patchy than anyone thought possible just a few short months ago.”
The 8,500 positions that will be cut account for about 24% of the total workforce of the group. Of that figure, 5,300 are Hong Kong-based while 600 are overseas. The timing for the cuts will be subject to local
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