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Cathay Pacific asks staff to take leave
By Teddy Ng (China Daily)
Updated: 2009-04-18 08:50 Cathay Pacific Airways Ltd, Hong Kong's largest airlines, will ask staff to take unpaid leave of up to four weeks and cut down capacity due to deteriorating business conditions.
"We have no option but to take measures that will help us weather the current storm and maintain long-term sustainability of the business," said the airline chief executive Tony Tyler, calling the current market situation as worse than the SARS and 9/11 crises.
Staff joining the scheme will have their salary deducted over a six-month period from June to November. The lowest rank staff will be paid 3.84 percent less each month during the period, while the highest rank staff will get 15.38 percent less monthly. The airline will seek consent from staff on the arrangement from 20 to 30 April.
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