Hong Kong's Cathay Pacific Airways to lay off 600 employees due to tough business conditions

Hong Kong: Hong Kong airline Cathay Pacific Airways says it is laying off nearly 600 staff members as it faces rising competition from rival carriers and tough business conditions.

The airline said on Monday that it plans to axe about 190 managers, or a quarter of all the company's management jobs.

It's also getting rid of 400 workers in non-managerial roles.

Cathay Pacific said frontline workers, including pilots and cabin crew, would not be affected, but added that they "will be also be asked to deliver greater efficiencies and productivity".

Hong Kong's biggest airline is making cuts after it reported a $74 million loss last year.

It was Cathay Pacific's first annual loss since 2008. The airline blamed the poor performance on intensifying competition and the slowing the Chinese economy.

Updated Date: May 22, 2017 08:51 AM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See