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Cathay Pacific employees to receive lower profit-share payout for 2024
January 24th 2025
Cathay Pacific will reduce its 2024 profit-share payments to its workforce by almost 50% compared with the previous year, a staff memo from CEO Ronald Lam seen by Bloomberg News states. Read More » The Hong Kong carrier is intending to distribute at least four weeks of eligible pay as part of its profit-sharing program for full year 2024 compared with 7.2 weeks of pay paid for the previous 12 months. The reduction is partly based on increased employee numbers, meaning profits needs to be spread across a larger workforce, the Lam memo said.
