Cathay Pacific Airways (HKG:0293) has asked departments to identify cost savings and efficiency measures as it prepares for slower growth this year, Bloomberg News reported Friday, citing people familiar with the matter.
The airline is targeting savings of about 5% on non-operational staff costs, focusing on head-office expenses such as marketing and administration, partly to fund investments including artificial intelligence, the report said.
Some teams and roles are being consolidated, with staff redeployed across departments, it added.
A limited number of job cuts affecting Hong Kong and overseas employees are also planned, according to the report.
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