Cathay is in talks with pilots over compensation
Cathay Pacific Airways is in talks with its pilots over compensation as it seeks to cut costs after reporting its worst half-half loss in at least 2 decades. The airline has been in discussions with its pilots over the past few months as part of its goal to become more competitive, the company said Wednesday without elaborating. Its pilots are being urged to accept a freeze in their pay and changes to pension benefits to help the carrier cut HK$1b (US$128m) in costs. “We will continue to work in a collaborative manner with an aim to come to an agreeable solution,” Cathay said. “The goal is to make Cathay Pacific a more competitive organisation and to ensure the long-term sustainable future for the people of the airline.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-09-07/oneworld/cathay-is-in-talks-with-pilots-over-compensation
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Cathay is in talks with pilots over compensation
Cathay Pacific Airways is in talks with its pilots over compensation as it seeks to cut costs after reporting its worst half-half loss in at least 2 decades. The airline has been in discussions with its pilots over the past few months as part of its goal to become more competitive, the company said Wednesday without elaborating. Its pilots are being urged to accept a freeze in their pay and changes to pension benefits to help the carrier cut HK$1b (US$128m) in costs. “We will continue to work in a collaborative manner with an aim to come to an agreeable solution,” Cathay said. “The goal is to make Cathay Pacific a more competitive organisation and to ensure the long-term sustainable future for the people of the airline.” <br/>
