Cathay Pacific Airways will eliminate 8,500 job posts, making 5,900 staff redundant, and shut one of its regional airlines with immediate effect under a global HK$2.2 billion (US$284 million) restructuring to cope with the pandemic fallout, the company revealed on Wednesday.
Unveiling the largest jobs cut in its history, Hong Kong’s flag carrier said 5,300 city-based and 600 overseas employees would be made redundant “in the coming weeks”, while 2,600 unfilled posts would be abolished.
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