Updated: https://geoexpat.com/forum/418/threa...ml#post3755698
Saw this in Mingpao...
According to government sources, Cathay Pacific’s board of directors will announce a restructuring plan as soon as Friday. If approved, it will be implemented immediately. The union stated that the rumors of layoffs in the past few days affected the mood of employees and hoped that the management would announce the news as soon as possible; Cathay Pacific replied that it would not comment on various speculations and rumors in the market.The plan will focus on layoffs and salary reductions; also known as the scale of the layoffs or similar to the previous layoffs of Cathay Pacific’s main competitor and Singapore Airlines. There are thousands of people, of which Hong Kong employees account for the vast majority. Cabin attendants are cut by more than half, and ground handling, logistics support and pilots may also be laid off. Once the relevant plan is approved by the board of directors, it will be implemented immediately.Pilots and cabin attendants who can "keep their jobs" also have to sign new contracts and change some of the employment conditions; management will have to reduce salaries, and the higher the senior level. The larger the margin, the rest of the employees do not need to reduce their salaries, but they may continue to take unpaid leave next year.https://m.mingpao.com/pns/%E8%A6%81%...80%BE%E5%8D%8AAccording to "Wireless News", Cathay Pacific plans to lay off nearly 6,000 employees worldwide, of which more than 5,000 are Hong Kong employees, most of which are cabin attendants.