日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Cathay Pacific to cut 8,500 jobs, end Cathay Dragon brand

By China Daily and Agencies | chinadaily.com.cn | Updated: 2020-10-21 18:48
Share
Share - WeChat

Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it would cut 5,900 jobs and end its regional Cathay Dragon brand as it grapples with a plunge in demand from the coronavirus pandemic.

Overall, it will cut 8,500 positions, or 24 percent of its normal headcount, but that includes 2,600 roles currently unfilled due to cost reduction initiatives, Cathay said.

Cathay Dragon will "cease its operations with effect from Wednesday" and will seek regulatory approval for a majority of its routes to be operated by Cathay Pacific Airways and the city's one-and-only low-cost carrier HK Express. Cathay Pacific Airways completed its acquisition of HK Express in July last year.

The restructuring will cost HK$2.2 billion (US$283.9 million) and the airline will also seek changes in conditions in its contracts with cabin crew and pilots, it told the stock exchange.

"The actions we have announced today, however unpalatable, are absolutely necessary to bring cash burn down to more sustainable levels," Cathay Chairman Patrick Healy told reporters.

"The global pandemic continues to have a devastating impact on aviation and the hard truth is we must fundamentally restructure the group to survive," Cathay Chief Executive Augustus Tang said in a statement.

Hong Kong's Financial Secretary Paul Chan Mo-po said in a statement two government observers on Cathay Group's board had reminded the group's management of the need to keep the impact to employees and society to the minimum in restructuring its business. He also said Cathay Group had been asked to ensure that it was well equipped to start off again after the epidemic and to provide impetus for the local aviation industry as well as Hong Kong's economy.

The International Air Transport Association expects it will take until 2024 for passenger traffic to recover to pre-COVID-levels.

The airline, which has stored around 40 percent of its fleet outside Hong Kong, said on Monday it planned to operate less than 50 percent of its pre-pandemic capacity in 2021.

After receiving a US$5 billion rescue package led by the Hong Kong government in June, it had been conducting a strategic review that analysts expected would result in major job losses because it has been bleeding HK$1.5 billion to HK$2 billion of cash a month.

1 2 3 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 99伊人| 91精品国产综合久久久动漫日韩 | 国产人成激情视频在线观看 | 亚洲一卡二卡在线 | 亚洲欧美一区二区三区综合 | 亚洲最新色 | 亚洲精品影院 | 久在线视频 | 天天干天天操天天爽 | 日本黄色激情 | 亚洲经典三级 | 亚洲高清视频一区二区 | 五月天婷婷免费观看视频在线 | 免费观看日韩大尺码观看 | 日韩大片免费在线观看 | 尤物网站永久在线观看 | 欧美日韩大片在线观看 | 欧美偷偷操 | 99视频精品| 精品黄网 | 欧美高清在线精品一区 | 亚洲欧美精品 | 欧美一区二 | 在线高清中文字幕 | 成人国产精品色哟哟 | 波多野结衣一区二区三区在线观看 | 天天做天天爱天天影视综合 | 成人免播放器午夜视频 | 91最新免费观看在线 | 一区二区免费看 | 日韩久久久久久 | 亚洲国产日本 | 亚洲一区视频在线 | 完全免费在线视频 | 成人午夜精品一区二区三区 | 亚洲一区自拍 | 日韩顶级片 | 一级毛片特级毛片免费的 | 四虎1515hh精品影库 | 日本精品一区二区三区在线 | 久久黄色 |