Manufacturing Industry
Cathay Pacific asks employees to take unpaid leave
Airline Industry Information, May 8, 2003
AIRLINE INDUSTRY INFORMATION-(C)1997-2003 M2 COMMUNICATIONS LTD
Due to a decline in passenger figures, Cathay Pacific Airways is urging its staff members to take unpaid leave.
The Hong Kong-based carrier, whose passenger traffic has fallen by 75% due to the outbreak of Severe Acute Respiratory Syndrome (SARS), is seeking an undisclosed number of its 14,000 employees to take the voluntary leave. It is currently unclear whether Cathay Pacific will introduce layoffs if its target is not meet.
After the World Heath Organisation (WHO) advised travellers against visiting Hong Kong, Cathay Pacific was forced to ground 16 of its 79 aircraft and cut its flight schedule by almost half.
((Comments on this story may be sent to aii.feedback@m2.com))
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
Most Popular Business Publications
Content provided in partnership with
