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Thursday, April 22, 2021

Cathay Pacific Airways to Slash 6,000 Jobs and Shut Dragon Brand

Cathay Pacific Airways is planning to cut around 6,000 jobs and plans to wind down its Cathay Dragon sister airline brand, as the flag carrier airline of Hong Kong executes sharp staff reduction as an attempt to deal with the severe impacts of the coronavirus crisis.

Cathay Pacific Airways is set to cut around 6,000 jobs and plans to wind down its Cathay Dragon sister airline brand, as the flag carrier airline of Hong Kong executes sharp staff reduction as an attempt to deal with the severe impacts of the coronavirus crisis.

The airline is expected to officially announce the job cuts after the stock market trading on Wednesday.

The company was originally planning to lay off around 25 percent of its total workforce or nearly 8,000 jobs globally. However, it changed its decision due to government intervention.

Sources claimed that the airline would axe its Cathay Dragon brand, but it would merge the staff and resources of its regional brand with its own management and workforce.

A spokeswoman for Cathay Pacific did not respond immediately to requests for comment.

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