Cathay Pacific to axe 600 staff

It's the biggest round of job cuts in 20 years.

According to a report by the South China Morning Post, Cathay Pacific said most of its restructuring will be finished by 2017, citing changing customer habits and a “challenging business environment” as causes.

"Employees were informed on Monday that, as had already been reported in the Post, 190 management jobs would go immediately. A further 400 non-management staff will be cut by mid-June," SCMP said.

Read the full story here.