The Cathay Pacific Group will apply for a limited amount of help from the Hong Kong government’s wage subsidy scheme, the Post has learned, in a closely watched move indicating how soon it can lay off staff during the coronavirus pandemic.But some of Cathay’s nine major business units will not tap the latest round of the Employment Support Scheme (ESS) in a decision to be unveiled on Friday, according to an individual with knowledge of the plans.Analysts noted that by forgoing more wage help,…
from South China Morning Post https://www.scmp.com/news/hong-kong/transport/article/3101075/some-cathay-pacific-businesses-forego-covid-19-wage-relief
Friday, September 11, 2020
Some Cathay Pacific businesses to forgo Covid-19 wage relief from Hong Kong government, paving way for lay-offs: source
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