cathay pacific pilots layoff

… Cathay Pacific job cuts will hit Hong Kong housing market as axed pilots, cabin crew move away or downsize, say analysts Rents in locations such as Tung Chung and Tsing Yi, where a … It criticised Cathay Pacific for receiving capital injection from the government but still persisted with large-scale layoffs. Hong Kong's flagship carrier is also terminating its subsidiary airline Cathay Dragon with immediate effect, as part of its HK$2.2billion restructuring plan. In a letter, Cathay Pacific sent a warning of the coming changes to its pilot group: Cathay chairman Patrick Healy told news media on Wednesday that the new terms were “highly competitive” with those of global peers. The airline did not respond to a request for comment on Friday. Recently, a screenshot of Cathay Pacific’s WhatsApp short message of layoffs has also been circulating online. Reporting by Jamie Freed; additional reporting by Anne Marie Roantree and Twinnie Siu in Hong Kong. One month after Cathay Pacific's layoff announcement, and closure of Cathay Dragon, the airline said it is considering hiring pilots and cabin crew again in 2021. Cathay Pacific was eyeing up to 8,000 layoffs to cut costs. Grab the opportunity to start your flying career today! [nL4N2HB51B]. Hong Kong flag carrier Cathay Pacific said Thursday (5 November) that the majority of its pilots and cabin crew have opted to sign up to new contracts. 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 new contracts, similar to those for new hires since 2018, also offer pay based more on flying hours than previously, leading to far lower salaries in periods where the airline is largely idle. The massive layoff involves 700 pilots and 400 Cathay City employees, including half of the personnel and training departments. Jeremy Tam is not pleased with massive layoffs by Cathay Pacific Airways. The carrier on Wednesday 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. Pilots are required to sign the new contract by tomorrow (28th). HONG KONG (Reuters Breakingviews) - Cathay Pacific’s layoffs may not be the last. Staff at many airlines around the world have agreed to temporary pay cuts to help their companies get through the COVID-19 crisis. The final plan could be approved by the board by this week as the Hong Kong flag carrier tries to stay airborne. Cathay Pacific did not want to respond to various speculations and rumours. Now, Cathay Pacific is looking at making even more significant changes to scale back its operations for the post-coronavirus world. 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. All quotes delayed a minimum of 15 minutes. Cathay Pacific to cut 5,900 jobs, end Cathay Dragon brand due to pandemic . Jetzt Flug online buchen. Editing by Gerry Doyle. Mit Cathay Pacific nonstop von Frankfurt nach Hong Kong und von dort zu mehr als 60 Reisezielen in Asien, Australien und Neuseeland. 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. 0. hours flying experience required . Read more. 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. 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. 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. 22nd October 2020 – (Hong Kong) Cathay Pacific Airways has laid off thousands of employees and suspended Cathay Dragon Airways. 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. In May 2020, Katrine and a team of nine other women cycled the punishing 200km of Greenland’s Arctic Circle Trail on off-road ‘fatbikes’. You can also manage bookings and view your frequent flyer account online. There is also another opportunity to lay off 1,500 cabin attendants. SYDNEY (Reuters) - Hong Kong's Cathay Pacific Airways Ltd's. Key Points. Nearly all Cathay Pacific pilots, majority of cabin crew sign new, cheaper contracts. HKAOA General Secretary Chris Beebe last week told Reuters the decision to force pilots on to lower-paid contracts was “draconian” and “short-sighted”. 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 message also alleged that Cathay reserved all meeting rooms at its headquarters for flight attendants to return their uniforms. That would enable it to target pilots for cuts based on the type of aircraft flown, which would be more efficient financially and operationally as it continues to review its fleet plans. Cathay Pacific expat pilots find difficulty in obtaining work visas Share this news Cathay Pacific expat pilots are finding difficulty in obtaining and renewing Hong Kong work permits, after the airline suffered a great economic downturn reaching 5,300 staff layoffs earlier in October 2020. Cathay Pacific Airways earlier stated that 600 of 3,000 head office jobs would be cut with no department spared except for frontline staff such as pilots and cabin crew. Nearly all Cathay Dragon staff to go as part of airline’s 5,900 job cuts. Published Tue, Oct 20 2020 8:05 PM EDT Updated Tue, Oct 20 2020 9:18 PM EDT. 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 arrogance of the company and the way they have approached this will be remembered for years to come.”. Cathay Pacific has seen demand and revenue plummet since March, … SYDNEY (Reuters) - Hong Kong's Cathay Pacific Airways Ltd's 0293.HK decision to force pilots permanently onto lower-paid contracts or risk losing their jobs is … Applications to the 55-week Cadet Pilot Programme are open year-round. It is also seeking changes to contracts with pilots and cabin crew as part of a restructuring that would cost HK$2.2 billion (RM1.2 billion). 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). SYDNEY (Reuters) - Hong Kong's Cathay Pacific Airways Ltd's 0293.HK 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. 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. “We would like each and every one of our pilots and cabin crew to join us and be part of Cathay Pacific’s future.”. Cathay Pacific has announced its intention to close its cabin crew bases in the US, putting nearly 300 employees out of work. 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. Staff at many airlines around the world including rival Singapore Airlines Ltd have agreed to temporary pay cuts to help their companies get through the COVID-19 crisis, but the Cathay reduction is permanent. The Hong Kong Aircrew Officers Association (HKAOA) is facing a loss of relevance as its key agreements with Cathay expire next month, meaning … “By imposing these things, without a doubt, it will erode goodwill,” Beebe said. “We have plans to recruit new pilots. 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. 27th October 2020 – (Hong Kong) After Cathay Pacific’s large-scale layoffs, remaining employees have to sign new contracts which contain drastically cut salaries (up to 58%) and benefits. This came a day after layoff rumors started to circulate among flight attendants, with a screen capture on WhatsApp alleging Cathay will start laying off employees starting today. 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. See here for a complete list of exchanges and delays. 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. Our Standards: The Thomson Reuters Trust Principles. 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. The airline refused to comment. The restructuring comes after months of debate and struggling demand which has seen revenue fall 98%. Off-roading in the Arctic for Climate Change. Cathay Pacific’s specific layoff plan was posted online today (3rd), stating that Cathay Pacific will send dismissal letters to 400 Cathay Pacific employees and 700 pilots on the 5th of this month (next Monday), and plans to reserve all Cathay Pacific meeting rooms for use to facilitate the flight attendants to return their uniforms. “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. ($1 = 7.7500 Hong Kong dollars) (Reporting by Jamie Freed Editing by Keith Weir). On behalf of Cathay Pacific’s 2,200 pilots, Chris Beebe, Secretary-General of the Hong Kong Aircrew Officers […] “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. Take First Officer Katrine Olsen. Cathay Chairman Patrick Healy told reporters last week that the terms of the new contracts were “highly competitive” with those of global peers. 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. Some 98.5 per cent of Cathay Pacific pilots have signed new employment contracts, meaning dozens of cockpit crew have refused to accept the … At rival Singapore Airlines Ltd SIAL.SI, pilots have agreed to pay cuts, including up to 28.5% for most captains and up to 18.5% for most first officers through March 31, 2022 to avoid more job losses. These include more layoffs, reduced routes, and a reduced fleet. 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. HKAOA said under the new contracts, Cathay will no longer need to follow the principle of “last in, first out” used at most legacy carriers, with the most recent joiners losing their jobs first. 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. Cathay Pacific will be operating at less than 25% of capacity for the first half of 2021, and under 50% of capacity for the rest of the year as a whole, Healy estimated. See here for a complete list of exchanges and delays. We aim to give you the best experience possible – but also wish to respect your privacy. All quotes delayed a minimum of 15 minutes. 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. The labour union expressed dismay over the decision to restructure. Cathay Pacific Layoff Fears Increase As Rumors Circulate MIAMI – Cathay Pacific (CX) is suspending an arrangement allowing Crew members to swap flying duties, intensifying rumors that the airline will soon eliminate staff. , pilots have agreed to pay cuts, including up to 28.5% for most captains and up to 18.5% for most first officers through March 31, 2022 to avoid more job losses. The reduced deals were necessary for the airline to survive, Cathay Pacific has said. Following weeks of layoff rumours, Cathay Pacific confirmed yesterday that it is cutting 8,500 job posts and axing 5,900 employees globally in the coming weeks. Today’s edition of The Standard reports rumors that CX will soon terminate more than 1,500 flight attendants. Our Standards: The Thomson Reuters Trust Principles. Following legal advice, Cathay Pacific’s pilots union has informed its 2,200 Hong Kong-based members not to sign the new employment contracts offered by the airline amid mass layoffs, that will see pilots’ salaries and allowances slashed. Former Cathay Pacific pilot and Civic Party legislator Jeremy Tam Man-ho, says Cathay Pacific Airways should not have announced large-scale layoffs of staff in the name of restructuring and call it a commercial decision. At Cathay, he said, the cuts are “completely open-ended and perpetual.”. The carrier on Wednesday announced plans to cut 5,900 55. week programme. The pilot contracts, which are broadly in line with those given to new hires since 2018, will result in permanent salary reductions of up to 58%, the Hong Kong Aircrew Officers Association (HKAOA) said on Tuesday. Cathay Pacific is considering a plan which would see pay cuts and redundancies in the coming months. 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