Cathay last week announced plans to cut 5,900 jobs to help it weather the pandemic, including nearly all of the positions at its regional airline Cathay Dragon, which it has shut down. Mit Cathay Pacific nonstop von Frankfurt nach Hong Kong und von dort zu mehr als 60 Reisezielen in Asien, Australien und Neuseeland. We aim to give you the best experience possible – but also wish to respect your privacy. Hong Kong's Cathay Pacific Airways Ltd <0293.HK> said on Wednesday it welcomed all employee ideas to get it through the pandemic after pilots pushing to be included in restructuring talks ran a newspaper advertisement to drum up public support. Today’s edition of The Standard reports rumors that CX will soon terminate more than 1,500 flight attendants. It is also seeking changes in its contracts with pilots and cabin crew as part of a restructuring that would cost HK$2.2 billion ($283.87 million). The airline did not respond to a request for comment on Friday. Cathay Pacific to lay off overseas cabin crew, furlough pilots FILE PHOTO: A passenger walks to the First Class counter of Cathay Pacific Airways at Hong Kong Airport in Hong Kong, China Apr 4, 2018. The airline has told them if they do not agree to the new contracts by next week, they face termination, according to unions representing pilots and flight attendants. But some Cathay Pacific pilots take themselves to extremes in their spare time – braving frost, heat and heights all in the name of causes close to their hearts. The reduced deals were necessary for the airline to survive, Cathay Pacific has said. SYDNEY, Oct 29 (Reuters) - Hong Kong’s Cathay Pacific Airways Ltd said on Thursday that a majority of pilots and flight attendants had signed new contracts that will result in permanent pay cuts. In a letter, Cathay Pacific sent a warning of the coming changes to its pilot group: The labour union expressed dismay over the decision to restructure. Pilots at Hong Kong's Cathay Pacific Airways Ltd are pushing to be included in restructuring talks at the carrier and will run a newspaper advertisement to drum up public support, a union representing them told Reuters on Tuesday. Hong Kong's Cathay Pacific Airways Ltd's decision to force pilots permanently onto lower-paid contracts or risk losing their jobs is "draconian" and "short-sighted", the head of the union representing them said on Friday. Cathay chairman Patrick Healy told news media on Wednesday that the new terms were “highly competitive” with those of global peers. Pilots who do not sign the new contract will be terminated with three months’ pay rather than made redundant with six months’ pay, Beebe said, adding that the union was taking legal advice on the issue. SYDNEY (Reuters) - Hong Kong's Cathay Pacific Airways Ltd's. See here for a complete list of exchanges and delays. Now, Cathay Pacific is looking at making even more significant changes to scale back its operations for the post-coronavirus world. “We have plans to recruit new pilots. All quotes delayed a minimum of 15 minutes. BOCOM International analyst Luya You said that the new contracts might see greater uptake than expected given the soft market for aviation professionals, but that there was a risk employees could leave when conditions improve. “We are very grateful that a majority of our pilots and cabin crew have already signed up to the new conditions of service,” the airline said in a statement. It criticised Cathay Pacific for receiving capital injection from the government but still persisted with large-scale layoffs. decision to force pilots permanently onto lower-paid contracts or risk losing their jobs is "draconian" and "short-sighted", the head of the union representing them said on Friday. Nearly all Cathay Dragon staff to go as part of airline’s 5,900 job cuts. By joining Cathay Pacific Cadet Pilot programme, you will receive sponsored training to become a pilot to operate regional, long haul and ultra long haul flights. Reporting by Jamie Freed; additional reporting by Anne Marie Roantree and Twinnie Siu in Hong Kong. The airline refused to comment. In a major restructuring to help the company survive the Covid-19 pandemic, Cathay Pacific axed its Cathay Dragon regional subsidiary and laid off all 2,500 employees of the airline. The employees have until Nov. 4 to sign new contracts but they will receive one year of transitional benefits like housing allowances for pilots rather than the two years offered for those that signed up by Wednesday evening. Cathay Pacific to cut 5,900 jobs, end Cathay Dragon brand due to pandemic . Some 98.5 per cent of Cathay Pacific pilots have signed new employment contracts, meaning dozens of cockpit crew have refused to accept the … ($1 = 7.7500 Hong Kong dollars) (Reporting by Jamie Freed Editing by Keith Weir). Off-roading in the Arctic for Climate Change. HKAOA General Secretary Chris Beebe last week told Reuters the decision to force pilots on to lower-paid contracts was “draconian” and “short-sighted”. Editing by Gerry Doyle. It is also seeking changes to contracts with pilots and cabin crew as part of a restructuring that would cost HK$2.2 billion ($284 million). 55. week programme. Read more. At Cathay, he said, the cuts are “completely open-ended and perpetual.”. “The arrogance of the company and the way they have approached this will be remembered for years to come.”. Key Points. The announcement came as Cathay Pacific warned it would also seek changes in contract conditions with cabin crew and pilots as it looked to make further long term savings. The degree of pay cut depends on which older contract the pilot was on, with one Cathay pilot telling Reuters on condition of anonymity that he expected a reduction of about 40%. “The vast majority (of other airlines’ pay cuts) are tied to a waypoint such as a point in time or profitability,” Hong Kong Aircrew Officers Association (HKAOA) General Secretary Chris Beebe said in an interview. Cathay Chairman Patrick Healy told reporters last week that the terms of the new contracts were “highly competitive” with those of global peers. The Hong Kong Aircrew Officers Association (HKAOA) is facing a loss of relevance as its key agreements with Cathay expire next month, meaning … Jeremy Tam is not pleased with massive layoffs by Cathay Pacific Airways. Cut costs review that began some time ago PM EDT 9:18 PM EDT to stay airborne to cathay pacific pilots layoff airborne see... Board by this week as the Hong Kong flag carrier tries to airborne! 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