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Added on the 11/08/2021 14:00:00 - Copyright : EFE Inglés
Hong Kong, Oct 21 (EFE/EPA).- Hong Kong's flag carrier Cathay Pacific announced Wednesday it would lay off 5,900 employees and close low-cost subsidiary Cathay Dragon following corporate restructuring in response to the coronavirus's effect on aviation."The restructuring will enable the company to secure its future, so it can protect as many jobs as possible, whilst meeting its responsibilities to the Hong Kong aviation hub and its customers," the carrier said in a statement. (Camera: JEROME FAVRE). SHOT LIST: B-ROLL OF THE HEADQUARTERS OF CATHAY PACIFIC AIRWAYS, IN HONG KONG.
Hong Kong, Oct 19 (EFE/EPA).- Cathay Pacific is set to announce this week a restructuring plan that will include layoffs and pay cuts, in a bid to keep the company afloat amid the coronavirus pandemic.According to traffic figures released by the Airport Authority for September 2020, the airport handled 100,000 passengers and 10,535 flight movements, representing year-on-year decreases of 97.9 percent and 68.5 percent, respectively. (Camera: JEROME FAVERE).SHOT LIST: HONG KONG AIRPORT AND CATHAY PACIFIC AIRLINE COUNTERS.
Hong Kong's second quarter GDP expands slightly as it becomes more reliant on the mainland for growth, causing analysts to become more worried about the economic outlook for the financial hub as China slows. Meg Teckman reports.
Christie's raises the bar with the highest grossing jewellery auction in Asia. Sharon Reich reports.
The United States denounces Hong Kong's ban on a protest song sung by pro-democracy demonstrators, saying it further tarnishes the financial hub's reputation. "The decision to ban this song is the latest blow to the international reputation of a city that previously prided itself on having an independent judiciary protecting the free exchange of information, ideas and goods," State Department spokesman Matthew Miller tells reporters. SOUNDBITE