Job cuts possible at Cathay Pacific’s worldwide offices
Cathay Pacific Airways is alleged to be considering job cuts at overseas locations as part of its restructuring efforts.
Quoting an unnamed source, the South China Morning Post reported that the airline plans to consolidate overseas sales, marketing, cargo and airport operations functions in some cities, with an unspecified number of jobs lost.
It is not known how this will affect the UK operation.
"This will modernize our ways of working and thinking, makes us leaner and more agile," Cathay said in an emailed response to questioning, without giving any further details.
The airline is in the middle of a major restructuring to turn around its fortunes due to the growing market share of budget carriers and mainland China airlines.
It cut 600 jobs in its Hong Kong HQ last year.
The airline posted a net loss of HK$1.26 billion in 2017.
As part of its restructuring, Cathay is seeking to trim costs by more than HK$4 billion over three years.
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