Airlines

Airlines

Cathay Pacific offers early retirement scheme to older pilots

Cathay Pacific offers early retirement scheme to older pilots

1/8/2020 11:46:00 AM

Cathay Pacific offers early retirement scheme to older pilots

[HONG KONG] Cathay Pacific Airways said it will offer a voluntary scheme to its Hong Kong-based pilots who are approaching retirement age to leave the group early, in a continued effort to cut costs amid the coronavirus pandemic. Read more at The Business Times.

Cathay Pacific Airways said it will offer a voluntary scheme to its Hong Kong-based pilots who are approaching retirement age to leave the group early, in a continued effort to cut costs amid the coronavirus pandemic.PHOTO: AFP[HONG KONG] Cathay Pacific Airways said it will offer a voluntary scheme to its Hong Kong-based pilots who are approaching retirement age to leave the group early, in a continued effort to cut costs amid the coronavirus pandemic.

3 community cases, including 2 fully vaccinated linked to new Changi Airport cluster PM Lee Hsien Loong, other ministers speak out against racism after alleged attack Iswaran, WP MPs lock horns over editorial independence, choice of former PAP chairman to head SPH’s new media entity

The airline said in an email to Reuters on Saturday it is looking at different ways to reduce costs in the medium term, given reduced passenger demand with no immediate signs of improvement. The retirement plan was first reported in local media.Cathay has already taken short-term measures including executive pay cuts and two rounds of voluntary special leave scheme.

Pilots aged 50 or 55 and above, depending on the retirement age outlined in their contract as 55 or 65 respectively, are eligible to apply for the early retirement scheme, the carrier said. Pilots aged 58 and above at its regional arm Cathay Dragon are also eligible. headtopics.com

Read more: The Business Times »

Singapore returns to tighter COVID-19 measures: What's allowed under the new rules?

SINGAPORE: With the recent rise in COVID-19 cases in the community, Singapore has announced tighter measures for about three weeks from Saturday ...

Cathay Pacific offers early retirement scheme to older pilotsHONG KONG (REUTERS) - Cathay Pacific Airways Ltd said it will offer a voluntary scheme to its Hong Kong-based pilots who are approaching retirement age to leave the group early, in a continued effort to cut costs amid the coronavirus pandemic.. Read more at straitstimes.com.

Cathay Pacific offers early retirement scheme to older pilotsCathay Pacific Airways said it will offer a voluntary scheme to its Hong Kong-based pilots who are approaching retirement age to leave the group ...

Cathay Pacific offers early retirement scheme to older pilotsCathay Pacific Airways said it will offer a voluntary scheme to its Hong Kong-based pilots who are approaching retirement age to leave the group ...

Cathay Pacific offers early retirement scheme to older pilotsHONG KONG (REUTERS) - Cathay Pacific Airways Ltd said it will offer a voluntary scheme to its Hong Kong-based pilots who are approaching retirement age to leave the group early, in a continued effort to cut costs amid the coronavirus pandemic.. Read more at straitstimes.com.

SIA takes further action to cut costs, including early retirement schemeSINGAPORE Airlines (SIA) has implemented more measures to slash costs after posting a record quarterly loss, including deeper pay cuts for the bosses, a 10 per cent salary reduction for other employees, and early retirement for pilots and ground staff, according to a memo to staff seen by The Business Times. Read more at The Business Times.

Singapore Airlines to cut salaries by at least 10%, offers early retirement for eligible staffSINGAPORE: Singapore Airlines (SIA) is taking more steps to manage costs, announcing further pay cuts for management staff and a salary reduction ...