Cathay Pacific restructuring will target noncore businesses and job cuts loom in bid to survive pandemic, CEO hints

Cathay Pacific Airways will soon move to rationalise its operations as part of the airline’s restructuring to survive the coronavirus pandemic, and one of the first targets will be its noncore businesses, its CEO said in an interview with the Post.In the biggest hint yet that redundancies were imminent, Augustus Tang Kin-wing said the airline’s overall cost competitiveness and efficiency had to match its rivals in what he described as “the new travel industry” already in the throes of shedding…

from South China Morning Post https://www.scmp.com/news/hong-kong/transport/article/3103256/cathay-pacific-restructuring-will-target-noncore