United States

Cathay Pacific asks 27,000 workers to take unpaid leave amid coronavirus crisis

Cathay Pacific Airways asked thousands of workers Wednesday to take three weeks off without pay to help the company get through the coronavirus crisis. CEO Augustus Tang made the plea to the Hong Kong-based airline’s 27,000 employees in a video message, saying the deadly outbreak has put the company in “just as grave” a situation as the financial crisis of a decade ago. “Preserving our cash is now the key to protecting our business,” Tang said in the video. “… All of us need to respond to this rapidly changing and challenging environment.” Cathay Pacific employees will have the option to take unpaid leave from March 1 to June 30, according to Tang. He urged all levels of the company’s workforce to participate, inclu ...