The plan is to cut 30% of management staff costs.
A report from the South China Morning Post said the chief executive of Hong Kong carrier Cathay Pacific Airways has pledged that aviation safety and services will not be compromised as the airline aims to cut 30% in management staff costs in a bid to revive its ailing business.
Whilst admitting that some layoffs will be “unavoidable” in what he described as the airline’s biggest restructuring in 20 years, Ivan Chu Kwok-leung said those who have performed well would be retained. Cockpit and cabin crew are expected to be spared the axe, with Chu saying the airline will in fact recruit more of such employees as it explores new destinations and increases frequencies of flights on popular routes.
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