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Cathay Pacific ‘to axe 6,000 staff and Dragon brand’ in bid to stay afloat, with most cuts aimed at Hong Kong workforce
Reductions, which sources say will be announced on Wednesday, are a quarter less than expected and smaller than industry average (www.scmp.com) More...
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Punishing Hong Kong for not being "China" enough.
This is not surprising.
Qantas has furloughed nearly all of its 30k employees. The unique aspect of this is Australia has extremely generous social safety nets. But, how long those hand outs can sustain is a mystery.
Australians pay some of the highest taxes in the modern world.
Qantas has furloughed nearly all of its 30k employees. The unique aspect of this is Australia has extremely generous social safety nets. But, how long those hand outs can sustain is a mystery.
Australians pay some of the highest taxes in the modern world.
