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According to Hong Kong Economic Daily,There are rumors circulating within Cathay Pacific,Cathay Pacific will start layoffs on or after next Tuesday (20th)。A-level junior employees will receive 1 month’s salary as severance pay;B-level employees or above will receive 3 months’ salary as severance pay;And possible cuts to retirement benefits。As for retained employees,Need to reduce salary by 30% to 40%。
Wang Simin, Chairman of Cathay Pacific Labor Union said,The company has not promised not to lay off employees,Only consider layoffs as a last resort。She said,Has requested the company to extend voluntary unpaid leave、and part-time flight plan。Also,Once the layoff plan is implemented,The company will first launch a voluntary severance plan,And provide severance pay or long service payment to employees。
*Source of this 188bet Live Casino: Yiou.com,Original title:《Cathay Pacific plans to start layoffs on October 20,Staying employees may have their salaries reduced by 30% to 40%》.
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