22.2 C
New York
June 9, 2023
Worship Media

Cathay Pacific asks staff to take unpaid leave due to virus

HONG KONG — Cathay Pacific Airways asked its 27,000 employees on Wednesday to take three weeks of unpaid leave while the Hong Kong carrier struggles with plunging revenue due to China’s virus outbreak.

In a video message to employees, CEO Augustus Tang said the situation is as grave as the 2009 financial crisis, The South China Morning Post reported.

On Tuesday, Cathay announced a 90% reduction in flight capacity to mainland China, which has cancelled group tours and told businesspeople to put off foreign travel while Beijing fights the outbreak centred on the city of Wuhan.

The airline cut 30% of its worldwide capacity for two months.

Employees were asked to take “special leave” some time between March 1 and June 30, a Cathay statement said.

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

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

“I am appealing to each and everyone one of you to help,” Tang was quoted as saying.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/cathay-pacific-asks-staff-to-take-unpaid-leave-due-to-virus-1.4797878

Related posts

Mexico seizes 380,000 boxes of Kellogg’s cereal

CTV News

Global shares mixed, led by Tokyo gains, after Wall St rally

CTV News

Bitcoin hits record near US$45,000 after Tesla investment

CTV News

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

Privacy & Cookies Policy