Hong Kong's Cathay Pacific confirms to cut 600 staff

Updated 2017-05-22 13:30:13 Xinhua

Hong Kong-based airline Cathay Pacific on Monday announced that it will cut around 600 people at its headquaters.

Around 190 management and 400 non-managerial employees will go, representing 25 percent of management and 18 percent of non-managerial positions respectively.

The company said it is part of a transformation program to make Cathay Pacific and Cathay Dragon more effective by improving the speed and quality of decision-making and putting a greater focus on its customers.

The changes will affect senior, middle management and non-managerial roles at the group's headquarters in Hong Kong. Most of the restructuring is expected to be completed by the end of 2017. No front line employees, pilots or cabin crew will be affected by Monday's announcement.

Cathay Pacific reported an attributable loss of 575 million HK dollars (about 74 million U.S. dollars) last year, which is the first full-year loss for the company since 2008.

Cathay Pacific employs around 20,000 people in Hong Kong. It last announced a major round of redundancies during the Asian financial crisis in 2008. It then cut around 2,000 jobs.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 23 2017 02:58:21

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 23 2017 02:58:21

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 23 2017 02:58:21

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords