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Monday, Jul 26, 2021

5,300 HK-based staff laid off by Cathay Pacific Group

5,300 HK-based staff laid off by Cathay Pacific Group

The Cathay Pacific Group has laid off about 5,300 Hong Kong-based staff since announcing corporate restructuring in October 2020 to cut 8,500 positions, the Secretary for Transport and Housing, Frank Chan Fan, told the Legislative Council today.
“The actual number of employees being made redundant was around 5,900, including around 5,300 Hong Kong-based employees. Another 600 employees based outside of Hong Kong may also be affected, subject to local regulatory requirements,'' he said.

The Transport and Housing Bureau has requested the Cathay Pacific Group, in adjusting its operation mode and scale, to fully consider the potential impact on Hong Kong's status as an international aviation hub and the aviation network, he said.

“The Cathay Pacific Group should also maintain its core team and suitable talents, to ensure that the group is well equipped to start off again after the epidemic and to provide impetus for the relaunch of the local aviation industry as well as Hong Kong’s overall economy.''
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