Cathay Pacific (CX, Hong Kong International) is set to implement job cuts at its overseas stations through consolidation of sales, marketing, cargo, and operational activities, the South China Morning Post has reported.
The carrier reportedly sent a memo to its staff warning it of an impending restructuring. Cathay Pacific confirmed that it had distributed a communique to its employees based outside of Hong Kong, but would not go into any details as to the contents of the said memo.
Carrier's executives, however, hinted earlier in official statements that they would look at restructuring overseas activities.
Cathay Pacific currently employs some 7,600 workers based at around 100 stations outside Hong Kong.
The job cuts would come amid a broader ranger of cost-reducing initiatives intended to save the carrier HKD4 billion Hong Kong dollars (USD510 million). The carrier is currently seeking to return to profitability after two consecutive years in the red. Most recently, in 2017, Cathay Pacific lost HKD1.26 billion Hong Kong dollars (USD160.4 million).
In 2017, Cathay Pacific cut 600 managerial posts at its Hong Kong headquarters.
