Cathay Pacific will cut employee profit expenses by about 50%
2025-01-23 11:39:00 : (Bloomberg) — Cathay Pacific Airways Ltd. plans to cut the profit share it pays employees by nearly 50%. The Hong Kong airline only plans to allocate at least four weeks of qualified wages as part of a profit-sharing plan through 2024, according to a staff memo from Chief Executive Ronald Lam seen … Read more