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

Cathay Pacific said on Monday that it plans to axe about 190 managers and 400 others in non-managerial roles.

AP May 22, 2017 08:51:05 IST
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.

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