“An internal memo has been shared with the employees of the Cathay Pacific Group as our regional and country teams start to communicate and, where necessary, consult their local teams on the restructuring,” said an airline spokeswoman. “This work will continue over the coming months.”
A year ago Cathay Pacific’s company publication, The Journey, revealed the airline was reviewing all outports. January 2018 the magazine reported structural changes would be seen in 2018. And last week a source revealed an internal memo warned of possible “consolidation” of overseas operations encompassing sales and marketing as well as cargo and operations at airports.
“An internal memo has been shared with the employees of the Cathay Pacific Group as our regional and country teams start to communicate and, where necessary, consult their local teams on the restructuring,” said an airline spokeswoman. “This work will continue over the coming months.”
Outside Hong Kong, Cathay Pacific employs approximately 7,600 staff over 100 locations and it is believed cuts will focus on the most staffed markets including Australia, Britain and the United States.
This move will be added to scaling back pilot benefits and allowances, once an agreement has been made with aircrew, and comes following 600 jobs cut from the company’s head office in May 2017.
The company saw losses of HK$575 million in 2016 and HK$1.25 billion in 2017.