The Hong Kong-based airline is eliminating senior, middle management and non-managerial roles at its head office in an effort to cuts costs, the company said in a statement.
Cathay Pacific is cutting 600 jobs at its head office in Hong Kong, affecting senior, middle management and non-managerial roles, the airline said Monday.
Approximately 190 management and 400 non-managerial roles will be eliminated, representing 25 percent of management and 18 percent of non-managerial positions, respectively.
Most of the affected employees will be informed of changes or a cessation to their role today and over the next month, with a majority of the restructuring being completed by the end of 2017.
All employees whose roles will become redundant will receive a severance package that includes up to 12 months’ salary, extended medical benefits, and additional and extended travel benefits.
Cathay Pacific will also restructure the management of its cargo department, removing the role of the cargo director.
Cathay Pacific cuts 600 jobs, restructures cargo division management
