Cathay Pacific announced today that it will cut 600 jobs in its head office as part of its transformation programme to make the airline more effective by improving the speed and quality of decision-making and putting a greater focus on its customers.
Those affected will include senior, middle management and non-managerial roles at the Group’s headquarters in Hong Kong. That would be some 190 management and 400 non-managerial roles representing. This cut represents 25% of management and 18% non-managerial positions.
The majority of those affected will be informed of changes or a cessation to the role today and over the next month, with most of the restructuring completed by the end of 2017. Frontline employees, pilots or cabin crew will be affected as Cathay Pacific and Cathay Dragon continues to grow. They will, however, be asked to be more efficient and productive in line with the rest of the organisation.
All employees whose roles will become redundant in the new structure will receive a severance package including up to 12 months’ salary, extended medical benefits including counselling and support, and additional and extended travel benefits. It will also offer all outgoing employees job search support, job application support and interview training.
The airline’s Cargo department will also be restructured to streamline the structure by removing the role of Cargo Director. The commercial and planning functions will report into the Director Commercial and Cargo and be overseen by the Chief Customer and Commercial Officer. The services function will report into the Director Service Delivery.
