HONG KONG: Cathay Pacific is to slash up to 5,900 jobs and shutter its Cathay Dragon subsidiary, the Hong Kong carrier said Wednesday, joining a growing list of airlines making swingeing cuts as they reel from the coronavirus pandemic.
Across the globe, airlines have been hammered by the pandemic slashing international travel and they face a long, hard winter after a much-hoped-for rebound from the crisis failed to materialise.
On Wednesday, Cathay published a corporate restructuring plan that will lead to thousands of job losses and one of its airlines to disappear completely.
Bosses said 5,300 jobs would go among the airline’s Hong Kong-based employees with a further 600 losses overseas — the…