Hong Kong Airlines to axe 400 jobs
Beleaguered Hong Kong Airlines, affected by back-to-back crises and its own financial difficulties, is taking drastic measures to stay afloat.
The airline will cut 400 jobs and severely restrict paid working hours for remaining staff.
Staff members not laid off will be required to take two weeks unpaid leave per month or work three days a week from February 17 until the end of June.
Hong Kong Airlines said the entry restrictions and the general downturn in travel demand had severely impacted its business.
Even before the coronavirus outbreak, the carrier had endured several barren months as travel demand plunged due to the months-long pro-democracy protests.
Yet even before that HK Airlines had showed signs of financial stress.
The coronavirus crisis is also affecting the bottom line of Cathay Pacific too.
It recently asked for its 27,000 workforce to take three weeks unpaid leave between March and June.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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