Cathay Pacific has followed through on its plan to slash management staff by announcing it will cut about 600 staff positions at its headquarters. The Hong Kong flag carrier said in March that it intended to cut its management labor costs by 30%. This move is part of the airline’s reaction to its worsening financial results, and aligns with corporate restructuring plans. Former CEO Ivan Chu drafted the blueprint for the restructuring, although its execution is the responsibility of ...

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