Biggest shake-up in 20 years: Cathay Pacific sacks 600 staff amid losses

Hong Kong’s flagship airline Cathay Pacific said Monday it would cut 600 staff including a quarter of its management, as part of its biggest shakeup in two decades to repair its bottom line. In March the company posted its first annual net loss in eight years, citing intense competition as lower cost airlines, particularly from … Continue reading Biggest shake-up in 20 years: Cathay Pacific sacks 600 staff amid losses