Date
29 May 2017
Cathay took a cautious approach with regard to wage revision for staff as several uncertainties lie ahead in 2016, said CEO Ivan Chu. Photo: Bloomberg
Cathay took a cautious approach with regard to wage revision for staff as several uncertainties lie ahead in 2016, said CEO Ivan Chu. Photo: Bloomberg

Cathay announces 4% pay hike, one-month bonus to staff

Cathay Pacific Airways (00293.HK) has announced a 4 percent salary hike for the majority of eligible Hong Kong-based ground staff and cabin crew for 2016.

The airline also said that it will offer one month’s salary as bonus for this year. The bonus will be paid along with the December salary.

Staff on a lower salary band will receive a higher increment than senior staff.

Most of the employees will see their monthly go up by 4 percent, while senior staff will receive an increment in the range of 3.7-3.8 percent.

In a letter to staff, Cathay’s chief executive Ivan Chu said the company took a cautious approach as several uncertainties lie ahead.

“Aviation continues to be a challenging industry. We are facing slower economic growth, a reduction of inbound travelers from Mainland China, and sluggish cargo traffic,” he said.

“We believe the salary increment for 2016 is fair and reasonable given the operating environment we face.”

Cathay will continue to make strategic long-term investments to maintain the quality of its products and services, Chu said.

The carrier remains deeply committed to the long-term development of Hong Kong as an international aviation hub, he said.

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