More Than 90 Percent Signed New Contracts: Cathay
"); jQuery("#212 h3").html("

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1558503_1_20201105180323.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1558503-20201105.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1558503-20201105.htm', 'DCS.dcsqry', '' ); } } }); }); });
2020-11-05 HKT 13:15
Cathay Pacific said on Thursday that more than 90 percent of flight attendants and pilots who were spared from the airline's recent mass layoffs have signed new lower-paid contracts.
According to the airline, 2,610 pilots and 7,340 cabin crew signed up for the new terms, amounting to 98.5 percent of the pilots and 91.6 percent of the flight attendants.
Cathay insisted that the contracts are “competitive”, but said it respected the decision of those who chose to leave instead of accepting the new terms.
"These staff will be offered packages that go beyond statutory requirements. None of the severance payments will be offset against pension contributions, and staff will be reimbursed for any unpaid leave they took in 2020," an airline spokesman said.
The chairwoman of Cathay's Flight Attendants Union, Zuki Wong, said the fact that 10 percent of her colleagues had refused to sign the new contracts suggests that the terms weren't that attractive.
"Most of them told us they signed because they don't want the word 'termination' on their CV, but they aren't satisfied with the new contracts," Wong said.
She said those who rejected the contracts were mostly senior cabin crew or those from foreign countries who decided to retire instead.
Wong also said it's unfair that the cabin crew who are leaving won't receive the extra month of salary and other benefits given to those who were made redundant earlier as part of the airline's restructuring.
UAE Central Bank Joins Hong Kongs CMU To Expand Debt Market Connectivity
The Central Bank of the UAE (CBUAE) and the Hong Kong Monetary Authority (HKMA) held their third meeting in Abu Dhabi. ... Read more
How To Solve The US$2.5 Trillion SME Credit Gap In Asia Pacific
The US$2.5 trillion SME credit gap in the Asia Pacific remains a significant challenge for traditional banks. Joe Udomd... Read more
Alipays AI Payment Service Surpasses 120 Million Transactions In A Week
Alipay announced that its AI Pay, a payment solution using AI agents, processed over 120 million transactions in the pa... Read more
Sumsub Warns That Identity Fraud Is Becoming Sharper And Better Planned
The global rate of identity fraud decreased in 2025 from the previous year’s high, but the threats have become more s... Read more
Sands China, Alipay And Macau Pass Expand Tap! Payments Across Macao Resorts
During Chinese New Year, Sands China, Alipay, and Macau Pass expanded their partnership to support Macao’s tourism se... Read more
Former Hong Kong Fintech Executive Jailed 6 1/2 Years For HK$19 Million Theft
A former senior executive at a Hong Kong fintech firm has been sentenced to six and a half years in prison. He stole mo... Read more
