25,000 staff at Cathay Pacific to go on unpaid leave
More than 25,000 Cathay Pacific Airways staff have agreed to take unpaid leave, according to an internal memo from CE Augustus Tang, in which he thanked employees for their support as the airline contends with the impact of the coronavirus. The CE said Cathay’s business challenges “remain acute”. The airline has about 33,000 employees worldwide, with nearly 20,000 in Hong Kong. Cathay has sharply cut its flight capacity because of the impact the virus has had on travel, presenting a fresh challenge after the protests in Hong Kong weighed on the company’s performance in the second-half of 2019. Chief customer and commercial officer Ronald Lam said last week that financial results in this first 6 months of this year will be “significantly down” from a year earlier. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-02-27/oneworld/25-000-staff-at-cathay-pacific-to-go-on-unpaid-leave
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25,000 staff at Cathay Pacific to go on unpaid leave
More than 25,000 Cathay Pacific Airways staff have agreed to take unpaid leave, according to an internal memo from CE Augustus Tang, in which he thanked employees for their support as the airline contends with the impact of the coronavirus. The CE said Cathay’s business challenges “remain acute”. The airline has about 33,000 employees worldwide, with nearly 20,000 in Hong Kong. Cathay has sharply cut its flight capacity because of the impact the virus has had on travel, presenting a fresh challenge after the protests in Hong Kong weighed on the company’s performance in the second-half of 2019. Chief customer and commercial officer Ronald Lam said last week that financial results in this first 6 months of this year will be “significantly down” from a year earlier. <br/>
