Under new CEO, Cathay Pacific cuts jobs in biggest revamp since 90s

Cathay Pacific chief operating officer Rupert Hogg speaks during a press conference on the companys annual result in Hong Kong on March 15, 2017.Hong Kongs troubled flagship airline Cathay Pacific swung to a 74 million USD loss in 2016, the firm said March 15, citing intense competition from rival carriers. / AFP PHOTO / Anthony WALLACE

SINGAPORE: Cathay Pacific Airways Ltd, Asia’s biggest international airline, will eliminate 600 jobs in Hong Kong as part of the biggest revamp in two decades following its first loss in eight years.

The majority of affected employees will be informed Monday and over the next month, with most of the restructuring completed by the end of 2017, Cathay said in a statement yesterday. No frontline employees, pilots or cabin crew will be affected, it said. Cathay, its affiliate airlines and businesses employed about 33,000 people as of June 2016.