Cathay Pacific, an Asian airline that serves the UAE market is implementing some job cuts that will affect at least 600 personnel in its main headquarters. In a statement released on Monday, Cathay Pacific announced that the redundancy will leave a number of senior, middle management and non-managerial employees jobless.
“The operating environment for the Group’s core airline business was difficult in 2016,” the company said. The airline assured, however, that no frontline employees, pilots or cabin crew, will be affected by the staff reduction. However, these employees are expected to “deliver greater efficiencies and productivity improvements.”
The move, said to be the biggest staff shake-up at the Hong Kong flag carrier in nearly 20 years, followed after the company announced that it had incurred some $74 million (Dh271 million) in financial losses for 2016, the first since the global recession.