(ANSA) - HONG KONG, OCTOBER 21 - The Cathay Pacific, Hong Kong airline collapsed by the Covid-19 pandemic, will reduce its workforce by a quarter and close its subsidiary Cathay Dragon in an attempt to cope with the historic collapse of air traffic.
The Asian flagship has announced a restructuring that will lead to the cut of 8,500 jobs: 5,300 employees in Hong Kong and another 600 from other locations will be laid off, while the rest of the job cuts come from natural exits and the hiring block.
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