Tag: Job Cuts
The airline is attempting to slash HK$4 billion from its books to reverse two consecutive years of losses.
The State Government Gazetted Employees’ Union may oppose the cut.
The German government has pressed for a fair bargain so that both parties are satisfied.
Thousands of employees await a solution following the Company’s termination of franchise agreement with CPRL.
The move, a result of subdued market demand, is aimed to optimise operational efficiency.