Sacking survivors seek contract leeway Cathay Pacific crew who were not terminated are appealing to the company to shorten their contract period so that harsh terms - including a 36 percent pay cut - can be lifted in three years when the aviation industry recovers. The flag carrier sacked a total of 5,300 employees in Hong...

Cathay ripple effect to be felt across city The unemployment rate could reach 7 percent by end of the year, with the Cathay layoff causing a ripple effect of more sackings and salary cuts in the city. Simon Lee Siu-po, a senior lecturer at Chinese University's business school, said there may be more layoffs of...