Cathay Pacific asks staff to take unpaid leave because of coronavirus

by SpeedLux
Cathay Pacific

Cathay Pacific Airways asked its 27,000 workers last week to take three weeks of unpaid leave as the Hong Kong carrier is having a hard time following plunging revenue because of coronavirus outbreak.

In a video message to workers, CEO Augustus Tang stated the situation is as grave as the 2009 financial crisis.

On Tuesday, Cathay declared a 90% reduction in flight capacity to mainland China, which has canceled group tours and informed business people to put off foreign travel while Beijing battles the outbreak centered on the city of Wuhan.

The airline slashed 30% of its global capacity for two months.

Workers were asked to take “special leave” some time between March 1 and June 30, according to the airline.

“Preserving cash is the key to protecting our business,” the airline stated.

The airline used the same “special leave” in 2009 and during the 2003 outbreak of SARS, or severe acute respiratory syndrome, which also resuled in cuts in flights.

“I am appealing to each and everyone one of you to help,” Tang stated.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More