By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: Cathay Pacfic Group announced its new voluntary redundancy programme.
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Have an existing account? Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2024 | All Rights Reserved
Travel Radar - Aviation News > News > Cathay Pacfic Group announced its new voluntary redundancy programme.

Cathay Pacfic Group announced its new voluntary redundancy programme.

Michael Cheng
Last updated: 30 April 2021 20:33
By Michael Cheng 3 Min Read
Share
© AFp/Getty
Cathay Pacific employees ©AFP?Getty
SHARE

Cathay Pacific Group has announced its Hong Kong-based flight crew and subsidiary staff to take voluntary redundancy. After the major overhaul since last October for surviving with a collapse in travel by Covid-19.

Cathay Pacific took this as an urgent measure to further cut its costs as the airline identify “no significant improvement “in its operation. As one of the largest employer and flag carrier in Hong Kong, the airlines expected to operate the shrunk passenger flight schedule for an undetermined period. The company and its subsidiary have consulted employees, including pilots, cabin crew, about leaving the company. However, the release did not specify the target number of staff needed to be cut to reach its goal.

The internal email has released on Wednesday to all staff and simultaneously notify the subsidiaries. The management mentioned the decision was based on requests from some employees as they expect no discernible improvement to operations in the short to medium term. A local newspaper reported earlier that Cathay Pacific had offered voluntary redundancy to pilots and cabin crew.

According to the internal email, the voluntary separation scheme (VSS) will offer two to six months’ pay to applicants according to seniority. Application is expected to open until May 12, and the aiming of employment to cease by May 31.

No photo description available.
The details of the Voluntary Separation Scheme from Cathay’s Ground Services subsidiaries, Hong Kong Airport Services (HAS)

Cathay Pacific has 5,900 jobs in October 2020, cutting, including more than 500 pilots, and eliminated almost one-quarter of its total workforce. It reported a record-breaking loss of about HK$21.7 billion (S$3.7 billion). The closure of its regional airline Cathay Dragon and implemented a reconstruction plan to raise HK$39 billion to temporarily survival with the expense of HKD500million monthly.

Cathay Pacific chairman Patrick Healy said last month that passenger capacity would be well below 50 per cent of pre-pandemic levels in 2021.

With Covid-19 restrictions still holding back international travel, the airlines have been operating at skeleton capacity for 18 destinations in March. Carrying an average of 598 passengers a day.

You Might Also Like

Air Austral and Madagascar Airlines Sign Codeshare Agreement

Hong Kong Airlines Inaugural Flight Lands in Sydney

UK Government Breaks Down Barriers into Aviation Industry

Flying on a Budget: Skytrax Names World’s Best Low-Cost Airlines

Brussels Airlines Expects Busiest Summer

Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Michael Cheng
By Michael Cheng
Follow:
Aviation Reporter - Based in Hong Kong, Michael is an Aviation Journalist here at Travel Radar, covering industry insights across Asia as well as international technical development within the industry. With the solid experience in airline ground operations, Michael is currently a Quality Assurance and Compliance Monitoring Officer with a large ground-operations company. In his spare time, Michael is an avid flight-simulation fan, serving in a senior marketing role for a large multiplayer server. Alongside this, he makes regular appearances at workshops and conferences across the aviation industry
Previous Article ANA set to install hands free toilet doors on 21 planes
Next Article Hong Kong Singapore and Hong Kong to Open Travel Bubble
Leave a comment
Subscribe
Login
Notify of
guest
guest
0 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

Brown Haired Man Using Laptop Computer
Visual Altitude: Graphic Design Trends Reshaping Travel & Aviation Marketing
Aviation Travel
An image of a trophy over a blue and purple background
Tracking Global Tournaments: How Esports Events Are Shaping Travel Trends for a New Generation of Flyers
Aviation Technology Travel
Silhouettes of people at the airport with aircrafts in the background
How Aviation is Changing the Way Students Travel the World
Aviation Travel
SAS A320 neo on the runway
SAS Celebrates Flying 100,000 Passengers in a Single Day
Airline Economics Airlines Route Development
Qatar wins big at Skytrax 2025 © Qatar Airways
Qatar Airways Retains ‘Airline of the Year’ Title for a Record Ninth Time
Aircraft Airshow & Events
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • About Us
  • Contact Us
  • Careers
  • Press & PR
  • Privacy & Legal

Our Content

  • News
  • Data
  • Images
  • Jobs
  • Subscribe

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Click here to Signup!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
AdBlock Detected
Ads help us bring you high-quality, independent journalism for free. Support us by whitelisting us from your ad blocker.
Okay, I'll Whitelist
Welcome to the TR Community!

Sign in to your account

Register Lost your password?